💨 Abstract

The U.S. economy, while strong this year, faces significant challenges like high tariffs, inflation, and slowed employment growth. The Trump administration's tariffs have raised the average U.S. household's costs by potentially $2,400 annually. Inflation, driven by price increases due to tariffs, reached 2.6%, prompting concerns from economists. Employment growth has been weaker than expected, indicating potential market struggles.

Courtesy: WTOP Staff