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Combined, the tariffs on China and potential penaties on Mexico are tough to shake off. Additionally, the timing is terrible because it complicates the crucial ratification of the USMCA. The damage from tariffs and trade wars won’t show up in the data for months.
If there is one word that sums up the state of the U.S. economy these
days, it's resilient. The prolonged economic growth cycle hasn't been
terribly exciting or robust, and at times, progress has been downright
choppy. But it has proven to have staying power, and economists are
anticipating that the current economic cycle could turn out to be a
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