GOP Congressman Expects "Turbulence" From Trump Tariffs
US consumer sentiment tumbled this month to a more than two-year low and long-term inflation expectations jumped to a 32-year high as anxiety over tariffs continued to build. The final March sentiment index declined to 57 from 64.7 a month earlier, according to the University of Michigan. The latest reading was below both the 57.9 preliminary number and the median estimate in a Bloomberg survey of economists. Consumers expect prices to rise at an annual rate of 4.1% over the next five to 10 years. That's the highest since February 1993 and above the 3.9% preliminary reading. Florida Republican congressman Mike Haridopolos explains why he expects Americans to feel "turbulence" from President Donald Trump's tariff regime in the near-term and why he supports cost-cutting efforts from Elon Musk and the Department of Government Efficiency, also known as DOGE. Mr. Haridopolos speaks with Paul Sweeney and Alix Steel on Bloomberg Radio. (Source: Bloomberg)
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