Consumer News Coronavirus Update 2 Trillion Going To Consumers And Businesses U S Deaths Now Exceed 1 000

Trump’s tariffs will cost global businesses $1.2T this year — but consumers are shouldering most of the burden. What you can do to fight cost creep

U.S. consumers are bearing 55% of the cost burden of tariffs already, according to recent Goldman Sachs data reported by NBC News (5). S&P Global, meanwhile, says that only about one-third of Trump’s ... Read More

Tariffs are starting to bite consumers and businesses, economists say

Economists say the Trump administration's sweeping tariffs on imports are boosting consumer prices in the U.S. Read More

U.S. consumers bearing more than half the cost of tariffs so far, Goldman Sachs says

The findings, released Sunday, suggest U.S. consumers will continue to struggle with high prices — something Trump had promised to address in the run-up to his re-election. While inflation rates have ... Read More

U.S. consumers to pay 55% of tariff costs, Goldman Sachs says

(The Center Square) – U.S. consumers will end up paying the bulk of the cost for President Donald Trump's tariffs, according to a report from Goldman Sachs. The report undercuts repeated claims from ... Read More

COVID-19 school closures will cost U.S. economy $2 trillion, study finds

A recent study from the University of Washington and Oxford found school closures caused by COVID-19 in 2020 will cost the U.S. economy $2 trillion. Read More

US Economy at Risk of Wobble as Lower-Income Consumers Get Squeezed

Research from the JPMorganChase Institute points to another risk. Analysis of its in-house database of account holders showed inflation-adjusted income growth among those aged 25 to 54, a key consumer ... Read More