Motley Fool Money Tariffs and Trade Wars Can’t Slow Big Tech’s Momentum
8 snips
Jul 31, 2025 
Jon Quast, a savvy Motley Fool analyst with a knack for consumer spending trends, joins the discussion alongside Lou Whiteman. They dive into the Federal Reserve's decision on interest rates and explore the implications of rising tariffs on smartphone production, with India stepping up as a key player. Plus, Microsoft and Meta’s robust AI investments signal tech's resilience. The conversation culminates in a debate on which company might become the next $4 trillion giant, showcasing the thrilling landscape of market competition.
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Consumer Spending Resilience
- U.S. consumer spending rose by more than 1% in Q2 despite overall economic headwinds.
- This resilience suggests consumers remain a key driver of economic growth even as businesses grow cautious.
Shifting Consumer Spending Patterns
- Consumers are spending more on credit, with credit card debt up 30% in three years.
- Spending shifts are evident with declines in snacks but rises in big-ticket items like cars.
Businesses to Drive Future GDP Growth
- Higher prices and tariffs may hurt consumers more than businesses in the near term.
- Expected GDP growth in H2 likely driven by businesses adjusting to the new tariff normal.