This week, Trump continued to obliterate the economic security of millions across the country as working families pay the price for his reckless incompetence. Despite the government shutdown delaying reporting data, new economic reports this week indicated weaker US retail sales and manufacturing than expected. Grocery prices are spiking as consumers bear the brunt of Trump’s tariff costs, stoking widespread pessimism in the U.S. economy across party lines. And everyone from farmers to CEOs are expressing concern and apprehension over Trump’s tariffs. Trump’s anemic economy is hitting the poorest Americans the hardest and his policies are stoking a dire affordability crisis. Read more about how Trump’s tariffs are continuing to wreak havoc on the U.S. economy:
HEADLINES
- CNBC: Tariff Costs To Companies This Year To Hit $1.2 Trillion, With Consumers Taking Most Of The Hit, S&P Says.
- The Guardian: 75% of Americans Report Soaring Prices As Trump Claims Inflation ‘Over’.
- Wall Street Journal: Grocery Prices Keep Rising. Frustrated Consumers Are Trying to Adapt.
- New York Magazine: Grocery Prices Are Rising. Trump’s Focused on Everything Else.
- The Guardian: Americans’ Pessimism About the Economy Cuts Across Political Lines.
- Bloomberg: Card Data Show Softer US Retail Sales as Shutdown Delays Report.
- Seeking Alpha: Philly Fed Manufacturing Index Sinks More Than Expected In October.
- NPR: American Farmers Are Hurting. Trump’s Trade War Is Making It Worse.
- Yahoo Finance: Sticker Shock: Car Prices Top $50k For First Time In US, Kelley Blue Book Says.
- Axios: CEOs Grow More Apprehensive As Tariff Uncertainty Weighs.