By Austin Alonzo Starting on Oct. 14, the United States began to apply a 10 percent tariff on all imported softwood timber and lumber. Additionally, a 25 percent tariff has been placed on all imports of upholstered wooden products, typically furniture, as well as on kitchen cabinets and vanities. Some affected by the tariffs love […]
Tag: Economic Recession
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending.
