US consumers face looming spending squeeze as Trump tax rebates fade

🇺🇸 Financial Times (US) —

AI Summary

US consumers may face a spending squeeze as Trump-era tax rebates expire and fuel prices have surged about 50% due to a blockade in the Strait of Hormuz, causing increased economic pressure.

Pressure is mounting with fuel prices driven 50% higher by Strait of Hormuz blockade

World Politics Markets Energy US consumers tax rebates fuel prices Strait of Hormuz economic pressure blockade

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