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And especially the Nintendo Switch 2.
The pessimism varies inversely with income, with the biggest earners feeling the least gloomy.
Several factors blunting the impact of tariffs could make it harder to notice the import taxes’ impact on inflation, even though they will likely cause the economy to slow.
Adding shipping fees and tariffs surcharges increase the final price consumers pay.
Klarna and Afterpay say they won’t share their data with the credit bureaus until they know it won’t harm their customers.
It’s about getting more for less.
The rebound was especially strong after the U.S. and China reached a temporary deal to lower mutual tariffs.
The Conference Board’s Leading Economic Index fell sharply in April by 1%. It was the largest one-month drop since March 2023.
The last time Trump issued a 90-day pause on a different set of tariffs, consumer sentiment didn’t change much.
Consumers are spending to get ahead of tariffs, but going too hard could pinch budgets down the line.