Trump’s tariffs have done ‘significant damage’ to US economy, top financial group warns

NewsWorldAmericasUS politicsTrump’s tariffs have done ‘significant damage’ to US economy, top financial group warns‘The U.S. economy is resilient, but just how resilient is set to be tested,’ the chief economist at Moody’s Analytics saidBrendan Rascius in New York Wednesday 06 May 2026 16:26 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showBookmark":true,"articleId":"b2971539","articleMeta":{"url":"https://www.independent.co.uk/news/world/americas/us-politics/trump-tariffs-damage-economy-moodys-b2971539.html","title":"Trump’s tariffs have done ‘significant damage’ to US economy, top economist warns"}}CloseTrump advises young volleyball player 'soccer might be better'Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inboxGet our free Inside Washington emailGet our free Inside Washington emailEmail*SIGN UPI would like to be emailed about offers, events and updates from The Independent. Read our Privacy notice{"className":"sc-1ge0fwe-0","newsletterData":{"regSourceNewsletter":"IND_INSIDE_WASHINGTON","regTitle":"Inside Washington","subscriptionGroup":"inside_washington","subscriptionGroupId":"af764e04-87eb-45e6-a84b-a7455ba70a1e","type":"inside_washington","pathPrefix":"/news/world/americas/us-politics","associatedAuthors":["Eric Garcia","John Bowden"],"title":"Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox","mobileTitle":"Get our free Inside Washington email","imageSrc":"https://static.independent.co.uk/static-assets/images/newsletters/insideWashington1_1.png","label":"I would like to receive morning headlines Monday - Friday plus breaking news alerts by email","newsletterKey":"receiveInsideWashingtonNews","regSourceSection":"US politics","regSourceMethod":"NSCs"},"is...