WASHINGTON – The U.S. economy is beginning to feel the heat from sweeping new tariffs imposed by President Trump, with recent assessments warning of mounting costs on households and rising recession risks.
Analysts estimate that the tariffs have effectively added around $2,400 to the annual cost for an average American family. Retailers, alarmed by surging import expenses, are passing the burden onto consumers through higher prices for everyday goods—from appliances to clothing. Meanwhile, businesses face growing uncertainty and operational challenges amid fluctuating trade policies and legal battles over the tariffs’ legality.
Experts caution that broader economic consequences may soon emerge. Surveys of economists and financial institutions increasingly signal concerns about slowing growth and elevated chances of a recession. Financial market liquidity, especially in U.S. Treasury markets, has wobbled, and global trade sentiment has chilled. Although job numbers have remained resilient, deeper impacts may surface as supply chains and consumer confidence weaken.
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