Joe Brusuelas, chief economist at RSM, comments that the economic landscape may exhibit volatility due to tariff maneuvers, complicating the assessment of the economy's underlying health.
Brusuelas estimates there could be a 0.2 percentage point increase in the current quarter driven by an increase in orders, but he also anticipates a reversal in the next quarters.
The Trump administration's intentions to reduce imports have unexpectedly led to historic levels of imports as businesses prepare for potential tariffs, driving inventory strategies.
Gene Seroka, head of the Port of Los Angeles, notes that factories are operating at capacity as businesses rush to import goods before potential disruptions.
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