The health of the US economy is looking less and less stable by the day. Layoffs are rising. Consumer spending — the backbone of the economy — unexpectedly dropped in January. Consumer confidence has plunged.

Investors are ditching risky corners of the market for areas perceived as havens, reversing recent trends.

Employers, workers and supply chain experts brace for greater impacts if levies on Canadian and Mexican imports take effect Tuesday.

Secretary Lutnick hedged his bets about the economic sanctions being leveled against Canada and Mexico from tomorrow—and refused to rule out a 25% import duty.

Kelley Blue Book says Trump’s tariffs could raise the U.S. price of the average new car – already approaching $49,000 – by $3,000 or more. The price of some full-size pickup trucks could shoot up by $10,

Read: Here are all the Trump tariffs hitting the economy in the coming weeks That’s likely to have an impact on the U.S., which imported around 6.28 million barrels per day of crude oil in 2022, more than the 3.