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Understanding Q1 GDP Contraction
- The U.S. GDP shrank by 0.3% in Q1 2024, reflecting a contraction on an annualized basis.
- This shrinkage partly results from pulled-forward imports due to tariff threats, making the drop seem worse than reality.
Tariff Transparency Debate
- Amazon considered showing tariff costs on product prices but dropped the plan after White House pushback.
- Transparent tariff fees could encourage consumers to buy American-made goods, aligning with tariff objectives.
Promote Tariff Fee Transparency
- Businesses should consider showing tariff fees separately like sales tax to increase price transparency.
- This clarity could help consumers understand who bears tariff costs and potentially shift purchasing behavior.