Americans are spending less due to Trump tariffs: report

London, June 4 -- Americans are planning to spend less money this summer due to the impact of U.S. President Donald Trump's trade tariffs, The Independent has said, citing polling, surveys and media reports.

In a survey by personal finance company WalletHub, 45 percent of respondents said tariffs are affecting their travel plans, while nearly two in three said they plan to spend less this summer than they did last year, the British daily said in a Tuesday online report.

A survey of 1,516 U.S. consumers by the accounting giant KPMG in April found that 50 percent are cutting back spending due to tariffs and more than 70 percent expect a recession within the next 12 months.

"The tariffs are making high prices even more unreasonably high, to...