How are US consumers and firms responding to tariffs?
beSpacific 2025-04-29
Summary:
New 40-page slide deck from Apollo chief economist Torsten Slok, entitled “The Voluntary Trade Reset Recession,” the probability of which he now puts at 90%. How are consumers responding to tariffs?… click to enlarge the screen shot below: Consumer confidence at record-low levels Front-loading purchases before tariffs began Tourism slowing, in particular international See also ...