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U.S. Consumer Sentiment Falls as Worries Multiply Over Tariffs
U.S. consumer sentiment dipped to a six-month low in July as Americans became increasingly concerned about the fallout from an expanding trade war, a University of Michigan survey showed Friday. While sentiment remained relatively elevated as a tight labor market and tax cuts continue to buoy incomes in the world's largest economy, Americans' worries over tariffs “greatly accelerated in early July,” according to the report. Thirty-eight percent of respondents spontaneously mentioned a potential negative impact from tariffs in the latest survey, up from 21 percent in June and 15 percent in May. The worries were ... (full story)
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