
Americans Worry New Tariffs Could Spike Living Costs
New data shows U.S. consumer confidence fell to its lowest since May 2020 amid fears tariffs will drive up living costs.
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New data shows U.S. consumer confidence fell to its lowest since May 2020 amid fears tariffs will drive up living costs.
U.S. consumer confidence dropped to 86 in April—the lowest since May 2020—on tariff worries, recession fears, and cooling job and income expectations.
New Apollo Global Management research warns U.S. tariffs on goods from the Chinese mainland are weighing on the economy, with rising costs, slowing trade and higher recession risk.
Explore how the Chinese mainland’s consumer market transforms with opening-up policies, boosting domestic spending and sparking global trade momentum.
China’s economy shows stable growth in 2024 with significant gains in high-tech manufacturing and consumer confidence, signaling a resilient path towards recovery amid global challenges.
China is shifting its economic focus from export-driven growth to boosting domestic consumption. Targeted measures aim to enhance consumer confidence and drive sustainable economic development.