Fed's Beige Book Addresses Trump Administration Policies

The Federal Reserve’s Beige Book, released yesterday, highlights increasing concerns among businesses due to policy uncertainties stemming from the Trump administration.

The report notes that economic activity has seen a slight rise since mid-January, though adverse weather conditions have weakened demand in the leisure and hospitality sectors.

Sector-Specific Economic Trends

According to the Beige Book:

Banking activity has experienced modest growth.
Construction activity has slightly declined.
Agricultural conditions have moderately deteriorated.

Despite these concerns, the overall economic outlook for the coming months remains cautiously optimistic.

Tariff Exemptions and Trade Disputes

In parallel with these economic trends, the U.S. has introduced new tariff regulations. White House spokesperson Leavitt announced that automobiles imported through the US-Mexico-Canada Agreement (USMCA) will be exempt from the recently imposed 25% tariff for one month. Meanwhile, Canada has filed a complaint with the World Trade Organization (WTO) against the U.S. decision to impose a 25% tariff on certain imports.

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