Bloomberg reported problems in the US economy due to Trump's tariffs

US economic data points to problems in the country's consumer and labor markets, which worries analysts. This was reported by Bloomberg on Monday, August 4.

Inflation-adjusted consumer spending, which accounts for about two-thirds of U.S. economic activity, declined in the first half of the year, while the Federal Reserve's preferred price index rose in June, according to the material.

The U.S. economy is "struggling to keep its balance," said Sarah House, senior economist at Wells Fargo & Co.

"Companies and consumers are facing a series of economic policy changes, high inflation, and continued rather restrictive monetary policy," she said.

The U.S. economy is expected to continue to grow, albeit more slowly than in previous years. Analysts forecast growth of 1.5% in 2025 and 1.7% in 2026.

Data for June show an increase in prices for goods such as furniture and household appliances. This suggests that some companies are starting to shift the cost of higher duties onto consumers.

"Many companies have frozen investments and recruitment in an attempt to assess the consequences of Trump's economic policies, in particular, the imposition of duties," the Bloobmerg article says.

Even after the administration of US President Donald Trump has reached trade agreements with key partners, the duties announced last week will lead to an increase in the average price of goods in the United States from around the world, the agency added. Many economists expect import duties to lead to higher prices in the coming months.

Trump is putting the US economy at risk. What the media is writing

On August 1, Trump signed a decree imposing duties from 15% to 41% on more than 60 countries. The highest new duties were imposed on goods from Laos, Myanmar (40% each) and Syria (41%). Goods from countries not mentioned in the decree that have not concluded an agreement with the United States are subject to a duty of 10%.

On the same day, it was reported that more than half of American families blame Donald Trump and his policies for their financial difficulties. Four out of five Americans (83%) are concerned about food prices. Almost half of the respondents (47%) are concerned about their ability to pay rent or mortgage, and almost two thirds (64%) are concerned about paying for unforeseen medical expenses.

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