Beige Book Flashes Multiple Warnings About Who Pays for Tariffs
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Not since US President Donald Trump’s first term have American businesses been this vocal about the impact of higher tariffs. In fact, they have more than twice as much to say as they did during the US-China trade war of 2018-19.
That’s one way to read the Federal Reserve’s latest Beige Book, a periodic survey that the central bank’s 12 districts conduct to take the pulse of the national economy.