Wealthy Americans, middle-class citizens to cut spending, impacting consumption: Is it the Trump effect?

Wealthy Americans, middle-class citizens to cut spending, impacting consumption: Is it the Trump effect?

Shoppers are cutting back on spending, rattled by market volatility and Trump’s escalating trade wars. Investors’ enthusiasm has soured as concerns mount over his administration’s aggressive and unpredictable tariff policies

US President Donald Trump’s economic policies have bred unease among retail consumers and wealthy investors alike. Reuters