01-May-2025
Economy News
 
Trump's tariffs cloud economy as US firms scale back shipments from China
01-May-2025

American businesses are cancelling orders from China, postponing expansion plans and hunkering down to see what trade policy surprises President Donald Trump plans to spring on them next. The president's massive and unpredictable taxes on imports seem likely to mean emptier shelves and higher prices for American shoppers, perhaps within weeks.

News Source:- https://www.business-standard.com/world-news/trump-s-tariffs-cloud-economy-as-us-firms-scale-back-shipments-from-china-125043000374_1.html