FTC's Stance on New Tariffs

Federal Trade Commission (FTC) Chairman Andrew Ferguson issued a stern warning on Thursday, emphasizing that President Donald Trump's latest tariffs should not be interpreted as permission for price fixing or any form of illegal activity. "We will always protect American consumers," Ferguson affirmed.

Competition and Economic Adjustments

In a statement on X, Ferguson highlighted the FTC's commitment to ensuring that American companies compete fairly on prices during this period of economic reorientation. "President Trump is reorienting our nation's economy to put Americans first," he noted, signaling a vigilant approach to market competition.

Economic Risks Highlighted

Amid these developments, Fitch Ratings pointed out that the imposition of new tariffs by Trump has escalated the risk of the US slipping into a recession, adding a layer of complexity to the economic landscape.