President Donald Trump is preparing to formally announce 25% tariffs on steel and aluminum imports.
Following President Trump’s order requiring thousands of federal workers to return to the office Monday, News4JAX explored its local impacts, specifically whether there would be any major effects at NAS Jax or Naval Station Mayport.Jacksonville commuters say no major traffic disruptions experienced following Pres. Trump’s return to work order
Read full article: Florida legislators look to tackle state’s mental health crisis by expanding the role of psychologists “'Fairness' is in the eye of the beholder, but the more fundamental question is whether the U.S. actually benefits from such new tariffs,”, director of international economics at the Council on Foreign Relations, a New York-based nonpartisan think tank, said in an email. “The costs to the U.S. will include higher prices to U.S. consumers, retaliatory tariffs abroad, and the loss of U.S. jobs and competitiveness in firms hit by higher input costs.
Consumers already appear to be anticipating that inflation will become a bigger problem. On Friday, the preliminary February results from the University of Michigan Survey of Consumers found that year-ahead inflation expectations jumped to 4.3% from 3.3% a month prior. But companies that rely on steel and aluminum saw their share prices decrease, since tariffs mean that the cost of their raw materials could increase. For example, shares in automaker General Motors sold off, which could ultimately signal trouble for a manufacturing sector that Trump has promised to revive.
From the perspective of trade experts, the blunt remark was unclear.
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