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Banks Warn of Risk to U.S. Economy Because of Tariffs

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P.M. Edition for April 11. In earnings calls today, executives warned that President Trump’s tariffs were sending the U.S. economy into the unknown, hurting consumers and businesses. WSJ Heard on the Street columnist Jonathan Weil joins to discuss how banks are gauging what’s ahead. Plus, results of the latest consumer sentiment survey show that Americans have a pessimistic view of the economy, with the highest expectations for unemployment and inflation in years. And small U.S. businesses are looking to be the biggest losers in Trump’s trade war. We hear from WSJ senior special writer Ruth Simon about how they are weathering higher costs from tariffs. Alex Ossola hosts. See How Government Spending Is Up Even as Musk Touts Savings Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices