Trump's Trade War Causes Economic Slowdown and Plummeting Consumer Confidence

Rising tariffs on Chinese imports threaten to disrupt supply chains, trigger recession, and erode consumer confidence—factors crucial for recovery and growth.

Sources:
The GuardianInvestorsThetimes+1
Updated 4m ago
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Cause And Effect

Future Risks: Predictions of Supply Chain Disruptions and Recession

forecasts trucking demand stopping in about a month resulting in empty shelves and a recession this summer
Apollo Global Management
Investors
Expected drop in scheduled arrivals
33%
The Guardian
Forecast for trucking demand
1
Investors
Key Facts
  • Apollo Global Management warns of empty shelves and a recession this summer due to the impact of tariffs.Investors
  • Port of Los Angeles anticipates a significant drop in deliveries, reflecting the diminished trade activity with China.The Guardian

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Expert Analysis

Texas Manufacturing: The Toll of Tariffs on Industry and Employment

Key Facts
  • Texas manufacturing activity shows significant weakness in response to the uncertainty brought by Trump's tariffs.Bloomberg
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Background Context

Impact of Trump's Trade War on the US Economy and Consumer Behavior

'We have never recovered from losing the Chinese market for soybeans,'
John Gilbert
Thetimes
Chinese tariffs
125%
Thetimes
Tariff on Chinese imports
145%
The Guardian
Key Facts
  • Economists warn that Trump's trade war is weakening the US economy and causing a plunge in trade with China.The Guardian
  • Despite President Trump’s policies, consumer confidence is at record-low levels, leading consumers to cut back on spending.The Guardian
  • Chinese tariffs now stand at 125% affecting various agricultural sectors and causing anxiety among farmers.Thetimes
  • New orders are falling for companies, alongside declining capital expenditure plans and rising inventories.The Guardian

Other Facts in these Reports

Marks & Spencer has suspended online orders due to supply chain disruptions caused by the trade war.
The Guardian
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