Tariffs Trigger Economic Slowdown: U.S. Faces Stagflation Risks

In early June 2025, the U.S. economy faces mounting challenges. President Trump's recent executive order doubles tariffs on imported steel and aluminum to 50%, aiming to bolster domestic industries. However, the OECD warns that such trade policies could slow U.S. economic growth to 1.6% in 2025, down from 2.8% in 2024, and elevate inflation to 3.9% by year's end. Federal Reserve officials express concerns about potential stagflation—a combination of stagnant growth and rising prices. Stay informed with CashCove for the latest economic insights.

🔔 Subscribe to CashCove for concise financial updates—clear, simple, and jargon-free.
#useconomy #tariffs2025 #stagflation #cashcove

Видео Tariffs Trigger Economic Slowdown: U.S. Faces Stagflation Risks канала CashCove