Major retailers like Target and Walmart are seeing Americans shop cautiously, focusing on value, and cutting discretionary spending. This is happening even before the full cost of new tariffs is passed on to consumers.
Steve F.
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Kevin O'Leary warns that tariffs & inflation could harm the stalled U.S. housing market by keeping mortgage rates elevated and making Fed rate cuts unlikely. The GOP is reportedly bracing for a planned tariff hike on Chinese goods, which could jump from 30% to 80%. 🏡
Trump's policies threaten to reignite inflation, putting pressure on the Federal Reserve. With consumer confidence "hanging by a thread" due to fears of "tariff-led inflation," some businesses are already bringing back "recession specials."
The Trump administration's policies are set to raise the cost of household goods. New tariffs and the end of a tax exemption have already caused some European countries to halt postal services to the U.S., hurting small businesses and e-commerce.