The Trump administration’s new tariffs on imported furniture, kitchen cabinets and other housewares, along with lumber, took effect Tuesday, added costs that economists say could push up prices for consumers. Mr. Trump announced the trade measures on Sept. 29, saying the levies are intended to prevent such products manufactured abroad from “flooding” the U.S. “It is a very unfair practice, …
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U.S. consumers expect high prices, weak economy, Deloitte survey says
As the peak holiday shopping season approaches, most U.S. consumers have a downbeat outlook on the economy, according to an annual Deloitte survey published on Wednesday. Most consumers surveyed — 57% — said they expect the economy to weaken in the year ahead, the consulting firm found in a poll of roughly 4,000 respondents. That compares to 30% who expected …
Read More »US Consumers Paying the Most for Tariffs: Wall Street Giant’s Report Exposes Trump Lies
New research from investment bank Goldman Sachs affirms, as progressive advocates and economists warned, that US consumers are bearing the brunt of President Donald Trump’s trade wars. As reported by Bloomberg on Monday, economists at Goldman released an analysis this week estimating that US consumers are shouldering up to 55% of the costs stemming from Trump’s tariffs, even though the …
Read More »Goldman Sees US Consumers Paying More Than Half of Trump Tariffs – Bloomberg.com
Goldman Sees US Consumers Paying More Than Half of Trump Tariffs Bloomberg.com U.S. consumers bearing more than half the cost of tariffs so far, Goldman Sachs says NBC News US consumers shouldering 55 percent of Trump tariff costs: Goldman Sachs The Hill Goldman Sachs Report Blows Up Trump’s Key Tariff Claim The Daily Beast How Much Longer Will Consumers Tolerate Tariffs? Bloomberg.com Source link
Read More »Lay’s drastically rebrands after disturbing finding: 42% of consumers didn’t know their chips were made out of potatoes
Lay’s wants you to remember that it came from humble, homegrown beginnings. PepsiCo, which owns the chip giant, is giving the brand a makeover worthy of a movie montage: stripping its artificial dyes, updating the logo, and putting a potato right there on the packaging. Remember the potatoes. New bags—matte-ified and designed to look like wood planks (like a potato crate)—will hold the …
Read More »California enacts law giving consumers ability to universally opt out of data sharing
California Gov. Gavin Newsom on Wednesday signed a bill which requires web browsers to make it easier for Californians to opt-out of allowing third parties to sell their data. The California Consumer Privacy Act, signed in 2018, gave Californians the right to send opt-out signals, but major browsers have not had to make opt-outs simple to use. The bill signed …
Read More »Consumers See Higher Inflation in Year Ahead, NY Fed Survey Shows – Bloomberg.com
Consumers See Higher Inflation in Year Ahead, NY Fed Survey Shows Bloomberg.com Consumer outlook sours as inflation expectations rise, New York Fed survey finds CNBC Income growth expectations slide to lowest since 2021 amid weak job market Yahoo Finance NY Fed finds rising worry about state of job market in September Reuters Consumers Are More Worried About the Labor Market and Inflation, NY Fed …
Read More »‘Dumbphones’ are getting smarter, more costly and offering options for disillusioned consumers
The odds are you’re reading this on your phone. You may have come here via social media, the CNN app, an email or a good old-fashioned browser. The chances are you did not open your smartphone with the intention to load this story, but here you are. A necessity, a habit or an addiction, call it what you like: we’re …
Read More »Recession warnings are looking flat wrong as consumers power the economy forward – Axios
Recession warnings are looking flat wrong as consumers power the economy forward Axios No one can seem to kill America’s economy, despite everyone’s best efforts CNN The wealthiest are boosting the economy, as consumer spending rises again The Washington Post Rich People Feel Pretty Good Right Now Bloomberg.com For third month in a row, Americans are spending more than they’re making marketplace.org Source link
Read More »Trump’s pharma tariffs could raise drug prices for consumers, but exemptions may blunt impact
Analysts are already warning that U.S. consumers could see higher prices due to new tariffs President Donald Trump plans to impose on drug product imports as soon as next week. But a series of exemptions may blunt the ultimate impact. In a Truth Social post late Thursday, Trump said that any branded or patented pharmaceutical products brought into the U.S. …
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