U.S. Economic Contraction and Tariff Impacts

This chapter explores the recent decline in U.S. quarterly GDP and its connection to tariffs, revealing consumer and business behaviors that amplify economic challenges. It highlights concerns raised by a former Treasury Secretary on trade policies, emphasizing the pressure on low-income families and the need for policy adjustments. Additionally, the chapter examines Cambodia's economic situation amidst U.S. tariffs, showcasing potential opportunities for exporting goods to the EU.