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Reply to "Negative economic growth for 1st quarter"
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[quote=Anonymous][quote=Anonymous]trade deficit at record numbers even with tariffs. And Trump thinks the tariffs won't impact US consumers. He actually thinks China will eat the costs. https://www.yahoo.com/finance/news/live/trump-tariffs-live-updates-china-eases-tariffs-on-select-us-goods-as-trump-says-beijing-will-eat-the-costs-191201015.html [img]https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcTZtnYuYmujjf2GoRQj2_UP3vRW7CdQccd9WQ&s[/img] Consumer confidence about the same now as when we were coming out of covid - very low. [img]https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRhdUNFRGY9Mawj6X42YDC85q6mZH5I05v9IA&s[/img][/quote] A lot of this is pull-forward spending to stock up on inventories ahead of the tariffs. That's literally all the growth in Q1 - getting ahead of the tariffs because of the Administration's rhetoric. I know my family was spending ahead of time to hunker down in latter half of 2025.[/quote]
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