Scott Horsley is NPR's Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.
Employers added 228,000 jobs in March, showcasing a solid labor market. But uncertainty over tariffs and tepid consumer spending may weigh on job growth in the months to come.
Businesses of all sizes are reeling as President Trump expands his trade war. Stock markets fell sharply on Thursday. We also gauge how small U.S. retailers are responding to the new tariffs.
President Trump announced sweeping tariffs on imported goods, which were higher and broader than many expected. The new import taxes are expected to raise prices and slow growth in the U.S., while pushing many other countries into recession.