Quick Take — Two sides of the same coin: 1) USA: political inflation tags. 2) Denmark: tags to boycott US products

In the US, protests against Trump’s tariffs and inflation. And “In recent weeks, as also reported by the Post, various forms of boycotts against US products or activities have been taking place in various Northern European countries, including Denmark, Sweden and Norway: they are to be understood as protests against the administration of President Donald Trump, who has adopted increasingly threatening and aggressive rhetoric since taking office on 20 January last.” Source

The same on the tag below indicates that the product is made in the USA.

Quick Take — US: with duties, food will cost more

“on the one hand Mexico is the main supplier of vegetables to the southern US, on the other hand Canada supplies tomatoes and pulses. Although many of these crops can be replaced or substituted by local produce, the ‘disrupting’ effect of established supply chains could lead to price spikes or shortages, as happened with avocados in January which became very expensive on US shelves. James Knightley, chief economist at ING, has estimated that the effect for a US family of four will be about $3,342 in one year considering all possible increases‘

Quick Take — US manufacturers reported a sharp drop in new orders and employment in February

fuelling fears that the economy is losing momentum as growth expectations also fell sharply The Federal Reserve Bank of Atlanta’s ongoing estimate of US GDP growth, also released on Monday, pointed to a 2.8% decline in the first quarter, a much steeper drop than the 1.5% decline it had suggested on Friday. Below is the latest inflation figure. Read this article