Beige Book: Escalating trade tensions, Trump’s tariff policies heighten economic uncertainty
Time:Tue, 29 Apr 2025 04:50:40 +0800
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The Federal Reserve’s recent US economic condition report, Beige Book, clearly reflects the uncertainty and challenges facing the US economy under the Trump administration’s trade policies.
The report conveys anxiety over trade conflicts. Terms related to “tariffs” and “uncertainty” appear frequently, underscoring the profound impact of unstable trade policies on the economy. Although economic activity has shown little change since the February report, shifts in trade policy and the resulting uncertainty have broadly affected regional business environments.
The Beige Book highlights that trade policy uncertainty is increasingly impacting the US economy, intensifying cost pressures on businesses and undermining consumer confidence, further hindering overall economic growth.
