Afternoon Coffee: How the Trump Tariffs Will Affect the Economy, KFC Confronts New Shortage of Gravy

Hoda Bogdan/Adobe Stock

President Trump’s decision to slap new tariffs on steel and aluminum imports could ripple throughout the U.S. economy, raising prices for everything from airplane parts to beer cans, the Wall Street Journal reports. Manufacturers are particularly worried that the plan will lead to retaliatory measures by other countries, which could “imperil U.S. exports and jobs.”

Gravy Shortage 

A high-profile logistics failure forced KFC in February to temporarily close stores in the U.K. and Ireland due to a chicken shortage. But now that that has been sorted out, the chain is confronting yet another problem: low supplies of gravy, the BBC reports.

Air Cargo 

Air cargo demand and revenues hit a strong clip in January, growing faster than expected for the start of the year, according to Air Cargo News. Worldwide cargo volumes increased by 8.5% year on year in January, compared with growth predictions for the year of around 4.5%.

Jobless Claims

And finally, an economic update: Weekly jobless claims in the U.S. dropped to their lowest level since 1969, CNBC reports, falling by 10,000 to a seasonally adjusted 210,000 for the week ended Feb. 24.

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