U.S. consumer spending on various goods - including coffee, canned vegetables and electronics - impacted by Donald Trump’s tariffs significantly jumped after the president announced them earlier this month.
Trump announced sweeping tariffs of at least 10 percent on nearly every country on April 2, calling it “Liberation Day” for America. Then, he placed a 90-day pause on most tariffs this week — except for the 125 percent tariff on goods from China — following historic lows in the stock market.
