🔴 The U.S. economy is undergoing a pivotal period amid fears of the consequences of rising budget deficits and the potential for labor market disruptions, in addition to warnings of a recession due to strained relations with many key trading partners. $BTC $ETH $XRP

• The imposition of large tariffs by U.S. President Donald Trump on key trading partners has caused widespread disruptions in the U.S. economy and losses in the billions of dollars, but Trump asserts that the long-term results of bringing investments back to America outweigh any short-term losses.

• Data released by the University of Michigan shows that 67% of American consumers expect an increase in unemployment rates over the next twelve months, the highest level since 2008.

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