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NJ companies worry about softening demand due to fear of Trump's tariffs

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Economic uncertainty can lead to an economic slowdown, as people pull back on spending, worried about higher prices, experts say
The article from MSN discusses concerns among New Jersey companies about the potential impact of former President Donald Trump's proposed tariffs if he were to return to office. Trump has suggested implementing a 10% tariff on all imports and a 60% tariff on Chinese goods, which could lead to increased costs for businesses and consumers. This has raised alarms about softening demand as companies fear that higher prices could deter consumer spending. The article highlights that these tariffs could disrupt supply chains, increase the cost of goods, and potentially lead to retaliatory measures from other countries, affecting New Jersey's economy which relies heavily on international trade. Business leaders are particularly worried about the uncertainty and the potential for a trade war, which could stifle economic growth and investment in the region.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/markets/nj-companies-worry-about-softening-demand-due-to-fear-of-trump-s-tariffs/ar-AA1yvQwC ]