{"id":60902,"date":"2025-08-05T19:40:07","date_gmt":"2025-08-05T19:40:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/60902\/"},"modified":"2025-08-05T19:40:07","modified_gmt":"2025-08-05T19:40:07","slug":"consumers-have-been-anxious-about-the-economy-for-years-now-theyre-acting-like-it","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/60902\/","title":{"rendered":"Consumers have been anxious about the economy for years. Now they\u2019re acting like it."},"content":{"rendered":"<p class=\"rt-Text\">The tariff rate for most countries is now lower than initially proposed, though Trump announced a slate of new import taxes last week. Already this week, the president has threatened to \u201c<a href=\"https:\/\/www.reuters.com\/world\/india\/trump-again-threatens-india-with-harsh-tariffs-over-russian-oil-purchases-2025-08-05\/\" target=\"_blank\" rel=\"nofollow noopener\" title=\"https:\/\/www.reuters.com\/world\/india\/trump-again-threatens-india-with-harsh-tariffs-over-russian-oil-purchases-2025-08-05\/\">substantially<\/a>\u201d raise import taxes on goods from India.<\/p>\n<p class=\"rt-Text\">Tariff impacts have taken time to show up in the data, in part because they\u2019ve been implemented later or at different rates than first announced, Oxford Economics\u2019 Vanden Houten said. <\/p>\n<p class=\"rt-Text\">The forecasting firm is projecting the average tariff rate on U.S. imports will land at around 20% \u2014 up from 2% at the beginning of the year \u2014 and the consumer price index inflation measure will peak at 3.5% in the fourth quarter, she said.<\/p>\n<p class=\"rt-Text\">\u201cThings are unfolding more slowly,\u201d Vanden Houten said, \u201cbut I don\u2019t think that we should assume that, \u2018OK, this is not going to be so bad.\u2019\u201d <\/p>\n<p class=\"rt-Text\">For now, Slinger and her husband are following the news and planning accordingly, from buying needed furniture before tariffs took effect to keeping an eye on what federal budget cuts might mean for their jobs at the University of Minnesota.<\/p>\n<p class=\"rt-Text\">And lately, he\u2019s been reading travel guides as they dream about a trip to Australia.<\/p>\n","protected":false},"excerpt":{"rendered":"The tariff rate for most countries is now lower than initially proposed, though Trump announced a slate of&hellip;\n","protected":false},"author":2,"featured_media":60903,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-60902","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/60902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=60902"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/60902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/60903"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=60902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=60902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=60902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}