U.S. Consumers Will Start to Feel Tariffs, Says Deutsche Bank's Spencer

The video discusses the limited initial impact of tariffs on US consumers, focusing on non-consumer goods. However, upcoming tariffs on electronics may affect consumer prices, potentially impacting Trump's popularity amid rising inflation. The Chinese economy remains strong despite tariffs, but policymakers are concerned about future implications.

Why have US consumers not felt the impact of tariffs so far?

• Tariffs have been applied to intermediate and capital goods.

• Tariffs have been applied to consumer products.

• Tariffs have been applied to all imported goods.

• Tariffs have been applied to domestic products.

What is expected to happen to tariffs on consumer electronics in the near future?

• They will remain the same.

• They will increase, affecting consumer prices.

• They will decrease significantly.

• They will be removed completely.

How might increased tariffs on consumer electronics affect political popularity?

• It will lead to immediate policy changes.

• It will have no effect.

• It might increase popularity.

• It might decrease popularity.

How are Chinese policymakers reacting to the tariffs?

• They are confident it will not affect their economy.

• They are treating the situation as more critical than it is.

• They are planning to increase exports to the US.

• They are ignoring the tariffs.

Despite the tariffs, what is the expected performance of the Chinese economy?

• It will stagnate.

• It will experience hyperinflation.

• It will remain strong.

• It will decline significantly.