U.S. consumers are getting increasingly anxious about the trade war with China despite a recent thaw in the tensions ahead of the trade talks next month.
The University of Michigan’s Surveys of Consumers showed in September a near record number of consumers cited trade policies as a negative factor weighing on the economy.
“Trade policies have had the greatest negative impact on consumers, with a near record one-third of all consumers negatively mentioning trade policies in September when asked to explain in their own words the factors underlying their economic expectations,” Richard Curtin, Surveys of Consumers’ chief economist, said in a statement.
