Impact of Tariffs on the U.S. Economy

New tariffs being introduced on imports are anticipated to have a significant negative impact on U.S. economic growth, even if Wall Street believes the economy can withstand them. Experts warn that while tariffs might not immediately create an inflationary shock, they can disrupt business operations and reduce overall confidence in markets. The uncertainty surrounding these tariffs leads businesses to hesitate in making major decisions, which can further slow economic activity. If tariffs persist or escalate, this approach could result in severe consequences for U.S. manufacturing and jobs, challenging the narrative that the economy can easily absorb such impacts.