US consumer spending has shown signs of recovery after trade tensions eased, but Americans remain cautious despite the economic improvement.
According to recent government data, personal spending increased by 0.3% in June, partially reversing a decline seen in May and April. The growth indicates that the worst of the trade wars may be over for the US economy.
However, consumers remained wary during this period due to the ongoing uncertainty caused by the Trump administration’s tariffs. This trend suggests that while the economic impact of trade wars is being felt, the overall effect on consumer confidence remains uncertain.
Source: https://www.marketwatch.com/story/consumer-spending-recovers-after-trade-wars-let-up-but-americans-are-still-wary-027bdb2b