Looking back at the first Trump administration’s tariff policy might give some insight on where trade policy is or isn’t headed. But don’t expect firm answers.
Many travelers are opting to stay closer to home. And households earning $100,000 or more are forecast to make up about half of this summer’s travelers, according to analysis by Deloitte.
Just 65% of parents with kids under 18 say they’re, “doing OK financially or living comfortably,” according to a recent Federal Reserve survey. That’s down 10 percentage points since 2021.
One reason for the decline is that companies stockpiled goods in March trying to get ahead of tariffs, and are now pulling back. But it also could signal tough times ahead for the U.S. economy.