Regional businesses say Iran war, Trump tariffs are increasing prices, hurting the economy

Regional businesses say Iran war, Trump tariffs are increasing prices, hurting the economy

President Donald Trump’s undeclared war with Iran and his sweeping tariffs are increasing costs and dampening the economic outlook, some business and community leaders have told the Federal Reserve Bank of Cleveland. The war will enter its third month on Friday without a clear rationale or goal. A fragile cease-fire is in place, but Iran continues to restrict access to the Strait of Hormuz — a chokepoint for global energy, fertilizer and mineral…

NEW: “Regional businesses say Iran war, Trump tariffs are increasing prices, hurting the economy” - Ohio Democrats

COLUMBUS, OH – Businesses and community leaders in Northeast Ohio are sounding the alarm on the devastating impacts of President Trump’s reckless war with Iran and his policies like tariffs that are hurting our economy and making life harder for working families and small businesses. Additionally, in this new survey, nonprofit community organizations emphasized that “people in the bottom half of the income distribution are feeling most of the pa…