Tuesday, April 15, 2025

Will tariffs boost secondhand sales? It's complicated

 Will tariffs boost secondhand sales? It's complicated : NPR (Thanks to Sam for this one)

Consumer confidence tumbled in March, with the Conference Board's Expectations Index — based on consumers' short-term outlook on business, income and the labor market — dropping to 65.2 out of 100, the lowest in 12 years.

And that was before President Trump announced a new round of sweeping tariffs, prompting retaliatory taxes from multiple countries — including China and the European Union — and fueling concerns about a possible recession. While he announced a 90-day delay this week, a 10% baseline tariff remains in effect on goods from all countries.