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Powell Warns Trump Tariffs Could Hurt U.S. Economy

4/16/2025

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Summary

Story summary

Federal Reserve Chair Jerome Powell cautioned that President Trump's new tariffs could harm the U.S. economy, leading to higher prices and sluggish growth. In Utah, a recent poll revealed a split in opinions, with Republicans favoring tariffs while Democrats voiced worries about their negative consequences. Meanwhile, China's economy thrived, boasting a 5.4% growth amid rising trade tensions.

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Story summary

Federal Reserve Chair Jerome Powell cautioned that President Trump's new tariffs could harm the U.S. economy, leading to higher prices and sluggish growth. In Utah, a recent poll revealed a split in opinions, with Republicans favoring tariffs while Democrats voiced worries about their negative consequences. Meanwhile, China's economy thrived, boasting a 5.4% growth amid rising trade tensions.