Author: Daniel snow

How Trump tariffs may affect debt repayment: survey

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Studio4 | E+ | Getty ImagesAs President Donald Trump continues to negotiate the rate of tariffs that countries will ultimately pay to do business with the U.S., Americans are already feeling the pinch of higher prices — and many worry about their ability to pay down debt. About 78% of survey respondents say Trump’s tariffs, or taxes on imported goods, will make it harder to manage or repay debt, according to a recent report by Zety, a resume templates site. The survey polled 1,005 U.S. employees on April 12.More from Personal Finance:How the GOP budget bill targets immigrant financesThis trend picks…

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How the U.S. Deficit Could Spark a Crisis

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Independent analyses – ranging from Yale University to the Wharton School to the Congressional Budget Office – have each said that President Donald Trump’s budget plan will add trillions of dollars to the U.S. deficit over the next 10 years. What’s at stake if the deficit continues on its upward trajectory? This year, the U.S. deficit is exceeding 6% of GDP, a level roughly 63% higher than the average in the past five decades. And unlike past spikes, the current one isn’t driven by war or economic crisis, leading many to raise concerns about why America might be playing with fire…

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