Yes. People are scared by what Trump is doing more than anything since Covid. So, people are going to not spend money on anything if and until things settle down a lot more. If they don't settle down (IF TRUMP REMAINS A COMPLETE IDIOT) then a huge Great Recession or Great Depression is coming because we are primarily a service based economy. Anyone who understands basic economics understands this. That's why people in the know are so scared along with the general public.
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Consumers call for a lifeline as Trump's tariff 'Liberation Day' nears
The president’s expanding trade war is ricocheting through corporate boardrooms and driving up pessimism at kitchen tables.
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