Wednesday, March 12, 2025

Chaos Hits the Economy

©iStock/shronosov
With each day, evidence is mounting across the corporate world that the eratic implementation of U.S. President Donald Trump's tariffs is translating into chaos hitting the economy.

The uncertainty brought by Trump's threats of tariffs and his shape-shifting trade policies is starting to have a chilling effect across many industries, businesses warn, as consumers pull back on everything from basic goods to travel.

The president's back-and-forth tariff moves against major trading partners have kept markets on edge, and prompted companies to warn they may have to raise prices, which could boost inflation and dent economic growth. 

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