April 02 is finally here - Trump Tariffs are set to roll out this week - Americans still worred over high prices leading to inflation , dipping into recession and stagflation
Americans' Economic Outlook Getting More Pessimistic As Tariff Deadlines Approach Americans are getting increasingly concerned about President Trump’s economic policies, which were key to his 2024 campaign, as prices remain high and tariffs are set to go into effect this week. Looking ahead: On Wednesday, Trump’s proposed reciprocal tariffs and a 25% levy on foreign cars are set to take effect. By Friday, we’ll get the March jobs report, which could see a rise in the unemployment rate. It comes as fears about a recession are hitting Wall Street and Main Street amid talks of stagflation — stagnant US economic growth + elevated inflation. Meanwhile, stocks have taken a hit — the S&P 500 had its worst first quarter since 2022. A LOOK AT THE NUMBERS A CBS poll this weekend found that the majority of Americans (64%) say Trump is not focusing enough on lowering prices. Consumers are cutting back on spending as t...
