One Million Car Buyers Exit U.S. Market as Tariff Inflation Hits 3-Year High
U.S. inflation reached a 3-year high of 3.8% as home furnishings import tariffs doubled since Q1 2025, eroding real wages and pushing one million new-car buyers out of the market. Wayfair and Lowe's are pivoting defensively as broad consumer demand contracts. Investors face deteriorating earnings prospects across auto and home retail sectors.
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