Tariffs: The Hidden Job Killer

Let's talk about tariffs and their sneaky impact. For a while, folks were worried that prices would skyrocket, but that didn't happen as much as expected. However, the job market took a hit. Job growth slowed down, and unemployment went up. It's not just about the money in your pocket; it's about the jobs that disappeared. Businesses are in a tough spot. They don't know what's coming next, so they're not hiring. They're also seeing higher costs, which cuts into their profits. This makes them think twice before investing in new projects. Customers are also holding back on purchases because they're not sure what's going to happen with tariffs.The confusion doesn't stop there. Businesses are absorbing these higher costs instead of passing them on to consumers. This has kept inflation low, but it's not a great situation for them. The Supreme Court might change things with a big tariff case. If they rule against the tariffs, businesses could even get refunds for what they've already paid. But that's a long process. So, what's the big picture? It's all about uncertainty. Prices didn't go up much, but jobs were affected. It's a tricky situation that's making businesses and customers nervous.