Economists Expect Foreign Boycotts of US Products to Impact GDP
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A Goldman Sachs research team predicts potential GDP drag due to foreign boycotts of US products, with tourism pullback being the most significant factor. Canada is highlighted as a key example, with 53% of consumers boycotting US goods and provincial alcohol monopolies removing US products from shelves.
April 02, 2025 | 1:30 am
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NEGATIVE IMPACT
Potential GDP drag from product boycotts could negatively impact overall market sentiment and economic growth expectations.
Broad market index likely to be impacted by potential economic slowdown from reduced international demand and trade tensions
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80