A recent jobs report from the US showed a slowdown in employment growth, sparking concerns about stagflation – a combination of stagnant economic growth and high inflation. Economists point to tariffs imposed on various industries as a major contributor to this trend. The tariffs have led to higher costs for businesses, which is passed on to consumers through increased prices, contributing to inflation. As the economy struggles to find its footing, experts warn that the current trade tensions could exacerbate the situation and lead to a prolonged period of economic uncertainty.
Source: https://www.barrons.com/articles/weak-jobs-report-signals-stagflation-blame-tariffs-12e98dd1