Impact of Tariffs on Economy

The introduction of tariffs has raised concerns about their negative impact on the economy, as highlighted by the Federal Reserve's projections for GDP growth being lowered. Economic instability is intensified by these policies, leading to a sense of uncertainty among businesses and state leaders. For example, some sectors, such as agriculture and construction, are feeling the strain as tariffs increase costs and complicate trade relationships, particularly with Canada and Mexico. This unpredictability hampers efforts to foster economic growth and employment opportunities across various industries.