Retail Is Watching Biden Lose Trump's China Trade War

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Retailers are the first to know when consumers are slowing their purchases...

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26 Sep 2023

Retailers are the first to feel a recession, and the first to acknowledge that an exit is nearby. They also know, and have articulated, that no country can win a trade war and many in the industry feel that America’s current economic pain is from an international trading strategy that just isn’t working.

A recent Wall Street Journal survey of 1500 registered voters (polled between August 24-30) showed that an amazing 63% of respondents rated the strength of the U.S. Economy as “not so good to poor,” and 58% of those polled thought the American economy had gotten worse in the last two years. In addition, 74% said that inflation was moving in the wrong direction. To the prudent observer of consumer spending habits, it is noteworthy that America’s individual savings accounts are running low, student loan payments resume in October, the cost of child daycare is rising, the price of gas just hit $3.85 (average), and retail sales are likely to come in at the low end of