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We just got a new sign that the pain from Trump’s trade war is getting worse, and it’s spreading to even more businesses like restaurants
Retailers, restaurants, and more US businesses are starting to feel effects from President Donald Trump's tariffs, a new Federal Reserve report says.
New surveys from the Federal Reserve and Markit found broad price pressures, while firms from Tesla to 3M are expecting millions in new costs.
Manufacturers in all the Federal Reserve's 12 districts are concerned about tariffs. The Fed's Beige Book, with anecdotes from businesses across the country, showed companies that rely on steel and aluminum for production are grappling with higher costs.
Businesses are getting concerned about Trump's new tariffs on metals and China according to the Federal Reserve's Beige Book.
Trump's election was followed by surging consumer and business confidence, but spending has not spiked.
The Beige Book was prepared ahead of the Fed's June meeting at which markets expect a rate hike.
After combing through several earnings calls, three big themes stood out to Goldman.
The Fed's Beige Book had more evidence of the economic problems that Houston is facing.
A number of economic measures are showing that businesses are getting incredibly worried about the presidential election.
There's an interesting note about the legal marijuana industry in the Fed's most recent Beige Book.