Consumers Are Beginning to Worry About the Trade War
September 30, 2019
The American consumer has been the pillar propping up the U.S. economy, even as concerns about a global slowdown and manufacturing slump tamp down growth. However, they are starting to have more concerns about the impact a prolonged trade war will have.
The University of Michigan’s Survey of Consumers increased in September, rising to 93.2 from 89.8 the month before. Despite the increase, a near-record high of almost one-third of respondents cited trade policies as a negative factor weighing on the economy. Other common concerns were political partisanship and geopolitical uncertainty such as Brexit and conflicts in the Middle East.