New tariffs to weaken growth, raise costs in US: The Conference Board
The Conference Board warns that new US tariffs on Mexico, Canada, and China could cut US GDP growth by 0.9 percentage points and raise inflation by 0.6 percentage points over four quarters. The Manufacturing ISM Report shows contracting new orders and rising prices. Businesses face uncertainty as reciprocal tariffs from over 200 US trading partners are expected soon.
The Conference Board warns that new US tariffs on Mexico, Canada, and China could cut US GDP growth by 0.9 percentage points and raise inflation by 0.6 percentage points over four quarters.
The Manufacturing ISM Report shows contracting new orders and rising prices.
Businesses face uncertainty as reciprocal tariffs from over 200 US trading partners are expected soon.
