President Donald Trump has made a fresh move in his trade war with China, saying that an 80% tariff on Chinese products “seems right” but determining the correct level is up to Treasury Secretary Scott Bessent. Here’s how to think about it.
Even in an uncertain macroeconomic environment fueled by tariff concerns, there have been hints of an uptick in consumer spending.
Investors have already been told to expect billions of dollars in lost corporate profits due to new tariffs.
There are fresh signs that consumers may be slowing their spending, a top Fed official said, which could mean slower economic growth ahead.
Pinterest reported first-quarter results and gave revenue guidance that was “worthy of a Friday rally.”