The featured Weekly Economic Commentary from Northern Trust provides a detailed analysis of ongoing trade tensions and their potential economic impacts.
Key Insights:
• Tariff Uncertainty: The U.S. administration has deferred the implementation of new tariffs on Canada and Mexico but remains a looming threat.
• Economic Risks: A full trade war could reduce U.S. GDP growth by half and trigger recessions in Canada and Mexico.
• Political Implications: Rising tariffs could increase inflation and harm U.S. consumers, potentially affecting political outcomes.
• Market Volatility: Trade policy uncertainty continues to influence economic forecasts and investor sentiment.
Read the full report for deeper insights.
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