‘Trump bump’ turns to a Trump slump – and there could be further tests ahead with tariffs on Europe

Analysis
Analysis
‘Trump bump’ turns to a Trump slump – and there could be further tests ahead with tariffs on Europe

US treasury secretary Scott Bessent said US consumers need to "detox" from government support while they wait for the private sector to provide the wage growth to outpace the inflationary impact of tariffs. It sounds like a more fundamental reset.