Trump's tariffs could cause short-term economic pain

President Trump is implementing new tariffs, which may lead to short-term economic pain while aiming for long-term benefits. Businesses and investors are uncertain about the impact, causing a recent sell-off on Wall Street. Some companies, like Hyundai and Volkswagen, plan to increase U.S. manufacturing. However, the immediate effects of tariffs are raising costs for consumers and manufacturers, potentially leading to inflation and a decline in consumer sentiment. Concerns about tariffs may increase the risk of a shallow recession later this year. The Federal Reserve faces challenges in managing inflation and economic growth as tariffs affect consumer spending and business investments.