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Amazon Tariff Listing Backlash
- Amazon was rumored to list tariff costs on products, sparking a White House backlash.
- Amazon denied the plan, clarifying it was only considered for its ultra-low Amazon Haul store, not the main site.
Trade Deficit Surges Due to Tariffs
- The U.S. trade deficit ballooned to $162 billion in March, a sharp increase driven by a 27.5% jump in consumer goods imports.
- This surge reflects a rush to buy before tariffs increase prices, increasing the deficit's impact on GDP growth.
Consumer Confidence Near Recession Levels
- Consumer confidence in April fell to levels last seen at the start of the COVID-19 pandemic, marking the fifth consecutive decline.
- Higher inflation expectations and trade tensions suggest recession risks unless trade issues cool soon.