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After a spring downturn triggered by President Trump's tariffs, consumer spending is rebounding, suggesting the economy is regaining its strength. Despite this recovery, some analysts predict that growth may remain sluggish in the long term.
The article discusses the implications of U.S. tariffs on the design community, particularly how these financial measures impact the cost of materials and products used in interior design. It highlights the challenges faced by designers and consumers alike, emphasizing the need for adaptation in a changing economic landscape.
Brown University Professor Şebnem Kalemli-Özcan critiques the planned tariffs by the Trump administration on imports from Mexico, Canada, and China, arguing they will harm the U.S. economy by raising consumer prices and potentially leading to recession. She emphasizes that while tariffs are intended to protect domestic industries, they could result in decreased consumer spending and increased unemployment.