US EditionUS Consumers Hit the Brakes While Goods Imports Sink by a Record
- U.S. Consumers slowed spending in April 2024 while goods imports fell almost 20%, narrowing the merchandise-trade deficit massively.
- This slowdown followed the Trump administration raising tariffs on Chinese goods to 145% in April, causing companies to halt import orders and stock markets to roil.
- The data from the Bureau of Economic Analysis showed inflation-adjusted personal spending rose only 0.1% in April, compared with 0.7% in March, reflecting consumer anxiety and the weakest spending quarter in nearly two years.
- According to BEA data, real disposable income rose by 0.7% for the second consecutive month, supported largely by government transfer payments, while the saving rate climbed to 4.9%, reaching its highest level in almost a year.
- The import slump likely boosted second-quarter GDP, which the Atlanta Fed projects will rise 3.8% after a 0.2% drop the previous quarter, though Fed policymakers seek more clarity on tariffs’ impact and expect to hold interest rates steady.
19 Articles
19 Articles
Shipping giants call for stability to boost global trade flows
The shipping industry reflects global trade activity. After the United States announced new tariffs in April, China's cargo volume shipped to the US dropped by 30 to 40 percent. Amid ongoing geopolitical tensions, global shipping giants attending the
Traffic At US Ports Has Absolutely Plummeted Compared To Last Year - New Crisis Threatens To Turn US Relations With China Into Massive Dumpster Fire » Sons of Liberty Media
Did you know that we just witnessed the largest decline in U.S. imports in the entire history of our nation last month? Unfortunately, things didn’t get any better this month. In fact, during the final week of May imports at major ports on the west coast are down by almost a third compared to last …
Colorado Springs Gazette
US consumers hit the brakes while goods imports sink by a record
U.S. consumers hit the brakes in April while goods imports plummeted by a record as companies adjusted to higher tariffs.
Traffic At US Ports Has Absolutely Plummeted Compared To Last Year - New Crisis Threatens To Turn US Relations With China Into Massive Dumpster Fire - The Washington Standard
Did you know that we just witnessed the largest decline in U.S. imports in the entire history of our nation last month? Unfortunately, things didn’t get any better this month. In fact, during the final week of May imports at major ports on the west coast are down by almost a third compared to last year. This is going to have a dramatic impact on our economy in the months ahead, and meanwhile, a new crisis with China has just erupted. The Chi…
Traffic At U.S. Ports Has Absolutely Plummeted Compared To Last Year, And A New Crisis Threatens To Turn U.S. Relations With China Into A Massive Dumpster Fire - The Falling Darkness
by Michael Did you know that we just witnessed the largest decline in U.S. imports in the entire history of our nation last month? Unfortunately, things didn’t get any better this month. In fact, during [...] The post Traffic At U.S. Ports Has Absolutely Plummeted Compared To Last Year, And A New Crisis Threatens To Turn U.S. Relations With China Into A Massive Dumpster Fire appeared first on The Falling Darkness.
Coverage Details
Bias Distribution
- 44% of the sources lean Right
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
