Half of US consumers expect tariffs to drive recession

Half of US consumers expect tariffs to drive recession
US President Donald Trump's tariffs will be inflationary, many US consumers think. (Image: Getty)
Staff reporters
A clear majority of American consumers expect US President Donald Trump’s tariffs to produce a recession, according to polling by New Zealand-based global polling service Stickybeak.Some 53% of a random sample of 1,000 Americans told the Stickybeak chatbot pollster that they expected the Trump tariffs would produce a recession, 56% expected it to produce an economic slowdown, and 71% expected imported goods to become more expensive for US consumers.Higher inflation was an expectation of 60%. In comparison, close to half – 48% &ndash...

More Trade

India slowly gears up for a US push to change supply chains
Trade

India slowly gears up for a US push to change supply chains

Can India's manufacturing push live up to America's dreams for it?

Exporter eyes golden growth from revamped investor visa
Retail

Exporter eyes golden growth from revamped investor visa

Could a foreign investor be the solution to Anihana's quest for capital?

Luxon travelling to London, Istanbul and Gallipoli
News in Brief

Luxon travelling to London, Istanbul and Gallipoli

Prime Minister Christopher Luxon will travel to the United Kingdom and Türkiye next week, visiting London, Gallipoli, and Istanbul.Luxon recently travelled to India and Vietnam and said this trip would also emphasise trade.In London, Luxon will meet with Prime Minister Keir Starm...

Staff reporters 17 Apr 2025
The unlikely way Trump is helping
Economy Opinion

Pattrick Smellie: The unlikely way Trump is helping

The Trump tariff blitz is creating political opportunity in unlikely places.

Pattrick Smellie 14 Apr 2025