Additional levy: A file picture showing Chinese shipping containers that were unloaded at the Port of Long Beach, in Los Angeles County. US households have not felt the impact of US-China tensions so far but that is about to change with Trump’s promise to add a 10% levy on remaining goods from China. — Bloomberg
Americans reading gloomy headlines about the trade war with China could be forgiven for wondering what all the fuss is about.
Bloomberg’s consumer comfort index, a weekly phone survey conducted since 1985, is running at its highest levels since 2000. Similar gauges of the household sector, such as the University of Michigan’s consumer sentiment index and the Conference Board’s various consumer confidence surveys, are posting the best results since the eve of the early 2000s recession.
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