Americans are gradually feeling the heat from the trade war when they go shopping. This September, Trump’s tax measures may increase 4 times over the same period last year.
Consumer spending is the backbone of the US economy. Anything that worries consumers and limits their spending will have a big impact on the US economy.
“Good or bad, the President is the one who controls the economy,” said Phil Levy, a commercial analyst, a former member of the Economic Advisory Council under US President George W. Bush. “Trump will take responsibility if the economic situation worsens.”