And the higher costs and paralysing uncertainty could exact an economic toll: US consumers are in the biggest funk since COVID-19 hit five years ago, and economists say recession risks are climbing.
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.
The story "Trump's tariffs cloud economy as US firms scale back shipments from China" has 1288 words across 47 sentences, which will take approximately 6 - 11 minutes for the average person to read.
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The story "Trump's tariffs cloud economy as US firms scale back shipments from China" was covered 1 days ago by Business Standard, a news publisher based in India.
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It's most recent story was published 2 hours ago.
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