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Aug 29, 01:20 PM
White House Economists Warn Tariffs Threaten Near-Term U.S. Growth
Tariffs
Economics
Politics
Business

White House Economists Warn Tariffs Threaten Near-Term U.S. Growth

Authors
  • First Squawk
  • Option Millionaires
  • RedboxGlobal
5

The White House Council of Economic Advisers said on Friday that ongoing tariff disputes pose a near-term risk to U.S. economic activity, underscoring concern that higher import levies could weigh on growth and consumer spending. CEA Chair Stephen Miran told reporters the council is monitoring the situation closely and will update its outlook if the trade frictions persist or escalate. The warning comes less than five months after the United States imposed a 145% tariff on Chinese goods, a move that has already rippled through supply chains and raised prices for businesses and households.

Written with ChatGPT .

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