What trade war? U.S. consumer remains resilient in the face of Trump’s tariffs

MarketWatch | Jul 12, 2019 at 5:58 PM
  • The U.S. consumer doesn’t seem to be feeling the same pain.
  • Indeed, analysts point to the strength of the U.S. consumer, as measured by retail sales and also by a historically low unemployment rate and historically high consumer confidence levels as a primary justification for major stock benchmarks, including the S&P 500 index
  • The trend runs in stark contrast to the economic situation in China, where June imports tumbled 7.3% versus the year earlier, the government reported Friday, suggesting a weakening consumer.