NOVI, Mich. (WXYZ) — There are rising Concerns amongst consumers over President Trumps tariffs and the ongoing tensions between Canada, China, and Mexico, which have led to a notable drop in stock prices The Drop in the Stock Market could lead to increased costs on food, gas, oil, and metals for businesses and consumers.
As the trade war heats up, consumers I spoke with in Novi say they have concerns about their financial future, while others say it’s a game of wait and see.
“I definitely am concerned,” said Kevin Brock.
“Concerned but not too worried,” said Diane Moon.
“I am not overly concerned right now,” said John Engebretson.
“I am not outrageously worried about it,” said Colleen Love.
“I am a bit concerned,” said Richard Higinbottom.
The economy is on everyone’s mind right now as growing concerns rise amongst consumers since new tariffs between the United States, Canada, China and Mexico have gone into place.
“I am worried about these sanctions with Canada,” Diane said.
“I have retirement savings and i am …