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Tariffs, Gas, Jobs, and Rates | Wilmington News
New tariffs are slamming the U.S. economy as the administration slaps 10% to 12.5% duties on imports from 60 countries—targeting nations accused of using forced labor, following a Supreme Court ruling. Gas prices are surging past $4 a gallon as crude oil hits $100 a barrel for the first time in two months, squeezing wallets. But there’s good news: unemployment claims plummeted to their lowest in 50 years, signaling a resilient job market. Meanwhile, mortgage rates climbed to a 12-month high at 6.58%, cooling homebuying enthusiasm. Wall Street took a hit, with stocks wobbling despite solid…
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