Marketplace All-in-One Tariffs and economic growth, both globally and at the checkout line
Jun 3, 2025
Tariffs are poised to drag down global economic growth, with experts predicting a decline below three percent this year. The U.S., Canada, Mexico, and China are expected to feel the brunt of this slowdown. Rising steel and aluminum tariffs are causing grocery prices to surge, presenting new challenges for retailers. Meanwhile, an analysis of the NBA sheds light on how the salary cap impacts competitiveness, especially for smaller-market teams, stirring a lively discussion on the economics behind the league.
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Global Growth Slows Due to Tariffs
- Tariffs and trade uncertainty will reduce global economic growth below 3% this year.
- The U.S., Canada, Mexico, and China will be hit hardest, with rising inflation risks.
Advice to Mitigate Tariff Impact
- Policymakers should collaborate to prevent further tariff escalations.
- Manufacturers need to diversify supply chains to reduce risks from trade disputes.
Tariffs Boost Grocery Prices
- Steel and aluminum tariffs raise the cost of packaging, impacting prices of canned goods and beverages.
- The U.S. relies on imports for nearly 70% of steel used in cans, driving grocery price increases.