Trump tariffs could lead to a summer drop-off in economic activity after an 'artificially high' start, Chicago Fed chief says
1. Inventory stockpiling by businesses could inflate short-term economic activity. 2. Preemptive buying may lead to a subsequent slowdown in consumer spending. 3. Trump's tariff negotiations might impact sectors like auto and electronics. 4. Current tariffs could force price hikes, affecting customer demand. 5. Overall economic data remains positive despite short-term uncertainties.