As President Trump approaches a July 9 deadline for imposing new tariffs on multiple countries, including allies like Japan and South Korea, concerns grow over potential economic repercussions, with experts warning of a recession. Meanwhile, US manufacturing shows mixed signals, with recent PMI data indicating ongoing contraction, despite a modest employment increase in the sector over the past five years.
Explain It To Me Like I’m 5: The U.S. economy is worried because President Trump is planning to add big taxes on goods from many countries, which could make things more expensive and hurt jobs.
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