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President Donald Trump's trade war is starting to squeeze retailers and restaurants in the US, according to the Federal Reserve.

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.
President Donald Trump

Trump’s trade war with China is starting to get nasty for US companies

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 are worried about Trump's tariffs.

FED: Manufacturers in every corner of America are worried about Trump’s tariffs

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.
U.S. President Donald Trump reacts as he sits on a truck while he welcomes truckers and CEOs to attend a meeting regarding healthcare at the White House in Washington, U.S., March 23, 2017.

American businesses are already freaking out about Trump’s tariffs

Businesses are getting concerned about Trump's new tariffs on metals and China according to the Federal Reserve's Beige Book.

Several CEOs are voicing the same complaint about one of Trump’s biggest brags

Trump's election was followed by surging consumer and business confidence, but spending has not spiked.

Most of America is seeing modest economic growth, Fed says

The Beige Book was prepared ahead of the Fed's June meeting at which markets expect a rate hike.

GOLDMAN: America’s biggest companies are obsessed with these 3 themes right now

After combing through several earnings calls, three big themes stood out to Goldman.

Almost everyone the Fed questioned had terrible things to say about Houston’s economy

The Fed's Beige Book had more evidence of the economic problems that Houston is facing.

Business owners have never been this nervous about a presidential election

A number of economic measures are showing that businesses are getting incredibly worried about the presidential election.

The weed industry is being hit with a double whammy

There's an interesting note about the legal marijuana industry in the Fed's most recent Beige Book.