Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest product or an exclusive offer.

Consumer Sentiment Craters as Trump Tariff Chaos Spooks U.S.

Americans are growing increasingly nervous about the economy as consumer confidence tanks for the fourth straight month. The University of Michiganโ€™s latest survey shows sentiment plummeted 30% since December โ€“ with inflation fears hitting levels not seen since 1981.

Whatโ€™s Crushing Consumer Confidence?

President Trumpโ€™s escalating trade wars appear to be the main culprit. The survey reveals โ€œpervasive and unanimousโ€ pessimism across all groups โ€“ Republicans and Democrats, rich and poor, young and old.

โ€œConsumers see multiple recession warning signs,โ€ researchers noted. Expectations about business conditions, personal finances, and job markets all deteriorated sharply in April.

Inflation Fears Go Through the Roof

The numbers are startling:

  • Inflation expectations jumped to 6.7% โ€“ highest since 1981
  • Consumer sentiment down 11% just since March
  • All political parties reporting higher cost-of-living worries

This comes despite recent positive economic data like strong job growth and falling gas prices. But economists warn tariffs could change that fast.

Will Trumpโ€™s Tariff Pause Help?

Thereโ€™s one potential bright spot. The survey ended before Trump announced a 90-day freeze on some tariffs this week. That move could ease pressures โ€“ if it holds.

Meanwhile, markets remain jittery. The disconnect between Wall Streetโ€™s nervousness and solid employment numbers has never been wider.

Why This Matters

When consumers lose faith, they spend less. That can turn recession fears into reality. With inflation worries at 40-year highs and trade wars raging, the economic mood may keep darkening.

Bottom line: The Trump economic boom is showing cracks. Whether itโ€™s just a rough patch or the start of something worse may depend on what happens next in the trade war

TOP HEADLINES

โ€œFilm Armorerโ€™s Sentence Ends in โ€˜Rustโ€™ Tragedyโ€

In Santa Fe, New Mexico, Hannah Gutierrez-Reed, a movie armorer linked to the tragic...

Trump Signals US Steel HQ Stay in Pittsburgh Amid...

WASHINGTON โ€” On Friday, President Donald Trump announced that U.S. Steel will keep its...

Kim Kardashian Robbers Convicted, No Jail Time

In a significant ruling from a Paris court on Friday, the orchestrator and seven...

NC Supreme Court Allows Elections Board Shift Amid Appeal

In a controversial decision, the North Carolina Supreme Court has upheld a law that...

Court Dismisses Restraining Order for Jailed Maui Doctor

In a courtroom on Friday, a judge dismissed a request for a temporary restraining...

Major Revamp of National Security Council Underway

In Washington, President Donald Trump has mandated significant changes to the National Security Council...
USLive
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.