In a significant economic shift, U.S. imports saw a sharp decline in April, possibly signaling the initial impact of new tariffs on trade. The 20% tumble in goods imports raises concerns about the long-term effects of trade policies on the U.S. economy.

Americans may soon face empty store shelves due to President Trump’s ongoing trade war with China, warns business reporter Christine Romans. Significant drops in shipping activity and markets reacting to tone shifts rather than policy changes signal potential supply chain disruptions that will impact consumers in the coming weeks.

Businesses are warning that prices for many imported consumer goods are likely to rise soon, with potential shortages developing as early as next month. The high punitive tariffs on China, some reaching up to 145%, are at the center of these concerns. Unless the White House moves to reduce these tariffs, the economic impact could mirror the shortages experienced during the pandemic.

Rick Woldenberg believed he had a foolproof strategy to shield his Chicago-based educational toy company from President Donald Trump’s massive new taxes on Chinese imports. Facing a significant threat to his business, he sought a way to navigate the challenging economic landscape.

As food prices continue to soar, Americans are feeling the pinch at the grocery store and the diner. From egg surcharges to tariffs, the nation’s food economy faces unprecedented challenges.