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The chart book available here looks at how US consumers and firms are responding to tariffs.
For companies, new orders are falling, capex plans are declining, inventories were rising before tariffs took effect, and firms are revising down earnings expectations.
For households, consumer confidence is at record-low levels, consumers were front-loading purchases before tariffs began, and tourism is slowing, in particular international travel.
33 sats \ 0 replies \ @Signal312 1h
I used to buy a lot on Temu.com.
That's over. They've switched everything to "local warehouses" to avoid tariffs. This means shipping is faster, HOWEVER you need to now pay separate shipping for everything. It makes the whole thing uneconomical.
Temu used to be great, the "dollar store in the sky". But now with tariffs, it's not competitive anymore.
I'll bet their sales have plummeted.
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