https://www.taxtmi.com/news?id=36610 Tariff actions together with federal workforce reductions and spending freezes have markedly raised economic policy uncertainty, reflected in rising involuntary part-time employment, sectoral job losses, and negative signals in financial markets and the Federal Reserve's beige book. While the administration credits tariffs with fostering manufacturing on shoring and added factory jobs, economists warn that broad import taxes and trade tensions risk higher inflation, slower growth, weakened business confidence, and reduced planning capacity. Planned federal layoffs aimed at fiscal restraint may further pressure the labor market if private-sector hiring does not offset losses. en-us Sat, 08 Mar 2025 11:01:04 +0530 Sat, 08 Mar 2025 11:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=36610 Tariff actions together with federal workforce reductions and spending freezes have markedly raised economic policy uncertainty, reflected in rising involuntary part-time employment, sectoral job losses, and negative signals in financial markets and the Federal Reserve's beige book. While the administration credits tariffs with fostering manufacturing on shoring and added factory jobs, economists warn that broad import taxes and trade tensions risk higher inflation, slower growth, weakened business confidence, and reduced planning capacity. Planned federal layoffs aimed at fiscal restraint may further pressure the labor market if private-sector hiring does not offset losses. News - Sat, 08 Mar 2025 11:01:04 +0530 https://www.taxtmi.com/news?id=36610