U.S. Businesses Warn: The Trade War Is About To Have “Noticeable Effects” On The Economy

Posted on August 8, 2019 6:16 pm

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URL https://www.activistpost.com/2019/08/u-s-businesses-warn-the-trade-war-is-about-to-have-noticeable-effects-on-the-economy.html 

By Mac Slavo

As if the American consumer and U.S.-based businesses haven’t taken the tariffs on the chin already, many business groups are warning that more tariffs will only make the problems in the economy much more noticeable.  With 78% of Americans living paycheck to paycheck, the consumer cannot really afford more pricing increases.

Companies say they have weathered the increases so far thanks to careful planning, but are running out of room to maneuver at the same time that President Trump has threatened to escalate the fight by placing new tariffs of up to 25% on $300 billion worth