Jul
05
Trump’s Trade War Is Already Hurting U.S. Investment, Fed Says
ByAmerica’s escalating trade war is already hurting investment and threatens to undermine an otherwise strong business outlook, the Federal Reserve said, citing industry contacts from around the country.
“Many district contacts expressed concern about the possible adverse effects of tariffs and other proposed trade restrictions, both domestically and abroad, on future investment activity,” according to minutes released Thursday of the Fed’s June 12-13 policy meeting in Washington. “Contacts in some districts indicated that plans for capital spending had been scaled back or postponed as a result of uncertainty over trade policy.”…
Trump’s Trade War Is Already Hurting U.S. Investment, Fed Says
