Breitbart Business Digest: Why Economists Keep Getting Tariffs Wrong

The Push and Pull of Tariffs on American Households

One reason economists continue to be surprised by incoming data is that American households are stubbornly refusing to behave the way models expect. In particular, they’re not responding to tariffs with uniform changes in spending . And when they do shift their behavior, the reactions often pull in opposite directions, largely offsetting one another.

A recent YouGov poll asked voters whether tariffs had caused them to make or delay purchases . Only 24 percent said tariffs had incentivized them to buy something. But 27 percent said they had delayed a purchase because of tariffs. And a solid…

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