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U.S. set to unleash tariffs on Canada, Mexico and other countries. Economists are worried.

CBS News
Summary
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81% Informative

U.S. tariffs set to take effect on March 4 , along with planned levies on other trading partners, could fan inflation and slow the nation's growth.

Mounting uncertainty about the scale and potential impact of such tariffs risks throttling spending by consumers and businesses, experts say.

EY-Parthenon chief economist Gregory Daco said the Trump tariffs, "if pushed to their extreme," could even trigger a recession.

Daco : "There is not only a risk of a recession, but stagnation".

VR Score

88

Informative language

90

Neutral language

65

Article tone

formal

Language

English

Language complexity

59

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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