Charting the Global Economy: Tariffs Fuel US Inflation Concerns
Shoppers at a mall in Troy, Michigan.
Photographer: Matthew Hatcher/BloombergThis article is for subscribers only.
Anxiety is building quickly among US consumers about the likely impact from US tariffs on the economy and their pocketbooks.
A preliminary March survey of consumers showed sentiment sank by more than projected, while long-term inflation expectations jumped as the Trump administration pushes forward with higher duties on foreign goods just as price pressures showed signs of easing.