Inflation, April and tariffs
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Thai consumer confidence dropped for a third straight month in April, hitting its lowest level in seven months due to concerns over U.S. tariffs and a slow domestic economic recovery, a survey showed on Thursday.
The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
Canadians road tripping to the US declined even more in April, according to government data.The number of Canadian residents visiting the US by plane also declined, the data suggested.Canadians have been avoiding US travel in response to Trump's policies on tariffs and annexation.
The U.S. government posted a $258 billion budget surplus for April, up 23%, or about $49 billion, from a year earlier, reflecting strong tax receipts in the final month of the tax season and record collections of import duties,
The April jobs report may reveal a mixed picture. Some industries have maintained hiring plans despite tariffs while others are scaling back.
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Broken down by category, some of the sectors most impacted by tariffs saw a price decline from last month, including apparel and used cars and trucks.
China's new bank loans tumbled more than expected in April as a protracted trade war with the United States further eroded the market's appetite during a typically slow month for loan demand.