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Tariffs Are Hitting The U.S. Economy Where It Hurts

  • U.S. consumers are showing signs of cutting back on spending amid economic uncertainty.
  • Consumers face increased cost of living and brace for potential price increases from tariffs.
  • Surveys reveal growing worries about rising inflation and potential unemployment among people.
  • Consumers are expressing concern; one noted, "I'm not so sure about these tariffs here."
  • Slowing consumer spending, which makes up 68% of GDP, could increase recession risks.
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Bias Distribution

  • 53% of the sources lean Left
53% Left

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CNBC broke the news in United States on Tuesday, April 1, 2025.
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