🚨🚨A "Dangerous" Combination for the US Economy!
06 Feb 2025
✅While tariffs will hit basic goods like food, energy and auto parts the hardest, low-income families will be hit the hardest.
✅Trump's tariffs on Mexico, Canada and China could increase the average US household's spending by about $1,200 a year.
✅As spending increases, savings will decline and borrowing will increase, which is a warning sign for consumer spending.
✅Tariffs on Canada could push up gasoline prices, and China's retaliatory measures could lower wages and reduce employment in manufacturing and agriculture.
✅#Reduced_Savings, #Higher_Debt_Burdens, and #Tariffs Are a Dangerous #Combination Threatening the US Economy!
#Tariff #USD
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