Iran War and Trump’s Tariffs Threaten a Resilient U.S. Economy

Renewed fighting with Iran has led to a surge in oil and gas prices, posing a threat to the US economy. President Trump has imposed new global tariffs, which could further increase prices and potentially harm economic growth. The combination of rising energy costs and tariffs may test the resilience of the US economy, which has otherwise shown strong performance. Rising prices could ultimately impact consumer spending and business investment, key drivers of economic activity.

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