Reported 2 days ago
U.S. consumers are increasingly worried about inflation and unemployment due to President Trump's tariff policies, resulting in a shift in spending habits. Surveys indicate many are planning to reduce both essential and discretionary purchases, exacerbating the risks of an economic slowdown. With the potential for increased prices on imports and decreased competition, economists warn that slowing consumer spending— which accounts for 68% of GDP—could lead to a recession, particularly as households face financial strain and fears of job market instability.
Source: YAHOO