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That's according to a study of consumers and small and medium-sized businesses. The pymnts intelligence agency survey, conducted between February and February, defined "knowledgeable" as a respondent. When asked about the countries that might be affected and the percentage of tariffs that might be imposed, the answer was correct. but. Knowing something doesn't necessarily make consumers feel better. Worry accounts for more than half. Of those consumers who are informed—percent, to be exact—think these tariffs will have an impact. Their wallets are tough. They're not just worried about the overall economy (although % ​​are).

lso care about this). They laos whatsapp number data worry about their bottom line. That's because of % of it. Consumers expect price increases and % expect product shortages. If you think back to those. You're not alone as store shelves are empty during the coronavirus pandemic. It's the same anxiety. Nowadays, consumers express themselves differently, but the underlying reasons are different. Surprisingly, the sentiment is less optimistic. Is consistent across income, financial lifestyle (e.g., salary to salary), and demographic groups. A majority of consumers believe the impact of proposed tariffs will be more negative than positive.

A brief history. Of course, tariffs are nothing new. The recent trade war with China. Consumers are thankful for rising prices for U.S. imported goods, but not. Thanks for electronics and appliances. A paper published in the journal Economic Perspectives. These tariffs are estimated to have reduced U.S. tariffs by an estimated $1 billion per month in real terms. It ends because these price increases are completely passed on to consumers. There are no tariffs either.