The Associated Press on MSN12d
Inflation, looming trade war take a toll as confidence of the U.S. consumer tumblesU.S. consumer confidence plummeted in February, the biggest monthly decline in more than four years, a business research group said Tuesday.
In February, employment in Canada was largely unchanged, with a modest increase of 1,100 jobs. The labour force participation rate declined to 65.3 per cent, while the unemployment rate remained steady at 6.6 per cent.
The Conference Board said consumer confidence took its biggest one-month slide in four years, forcing many national chains to lower earnings guidance.
Even before Donald Trump shattered the idea of a western alliance over the weekend, an uneasy spectre had begun to roil through the global economy, with troubles brewing on at least three fronts.
The First Day of Trump’s Big Trade War Isn’t Going Well
Trump Has Begun Another Trade War. Here’s a Timeline of How We Got Here
Trump is no stranger to tariffs. He also launched a trade war during his first term in office, but has more sweeping plans now. Economists stress there could greater consequences on businesses and economies worldwide this time — and that higher prices will likely leave consumers footing the bill.
· 4d · on MSN
Chinese delegates avoid questions as they gather amid Trump's trade war
4don MSN
China is keeping its economic growth target at “around 5%” for 2025 despite a looming trade war with the United States and other headwinds.
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