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Changing Food Trends Amid Dropping Consumer Confidence

Business and Finance
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sparksAI summary
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  • Consumer confidence decline affects food choices
  • Shift towards practical, affordable meals
  • Restaurants adapt by going cheaper or premium
  • Expected resurgence in home cooking with social media influence
360 summary
  • The sharp increase in mentions of trade and tariffs reflects concerns about the current administration's policies, particularly regarding tariffs on Chinese imports and steel/aluminium.
  • The suspension of tariffs on imports from Mexico and Canada until March has created uncertainty in the business and consumer sentiment, impacting economic growth expectations.
  • The potential looming tariffs on automobiles, semiconductors, and pharmaceutical imports add to the economic uncertainty, affecting stock market performance and US Treasury yields.
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  • Restaurants adapting by either going cheaper with fast-casual counter service or premium with high-end tasting menus to cater to different audiences.
  • Neighborhood bistros and mid-range dining options disappearing, leaving consumers with fewer choices between fast and affordable or slow and expensive dining experiences.
  • Dining out becoming more of a deliberate choice rather than a habitual activity, with sit-down restaurant experiences reserved for special occasions or unique offerings.
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