Trump Approaches 100-Day Mark As Trade War with China Continues
“When we [consumers] pull back on our spending, that means businesses get less revenue. If they’re getting less revenue, then they’re concerned about their input costs. Primary input cost is wages. So now you think about unemployment, you think about job loss,” said Ajilore. “They don’t know what’s going to happen. They don’t know what their profit stream is going to look like. There’s a lot of uncertainty,” he added.