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Consumers begin to feel the pain of the war of commerce



Meanwhile, more than a year after the beginning of the US-China trade war, American consumers are largely protected from the negative effects of tariffs. But a big Wall Street investment bank says that this will change soon and that the data prove it.

"I think you start to feel the pain," said Joseph Song, senior US economist at Bank of America Securities, to Yahoo Finance's final round. "We have a proprietary index of consumer confidence that even went down in the headlines in the last reading."

The BofAML Consumer Confidence Indicator fell 1.7 points to 53.9 on negative trade news and subsequent market sales.


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