Trump's Trade War Has Shattered Consumer Confidence
www.huffpost.com
Americans haven't been so pessimistic about the economy since inflation first spiked under President Joe Biden.

Consumer sentiment fell nearly 11% from March to April and 34% from this time last year, according to new data from University of Michigan’s authoritative survey, released Friday.

The drop continued a three-month trend brought about by Trump’s vow to impose tariffs on products imported to the U.S., a promise Trump fulfilled last week in what he called a “Liberation Day” ceremony at the White House.

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The Yale Budget Lab estimated the average household will be $4,700 poorer as a result of Trump’s tariff gamble.

  • bstix
    9·
    2 days ago

    Both.

    Copied from various sources elsewhere:

    Consumer confidence is a catch-all phrase for the opinions and attitudes of consumers about the current and future strength of the economy.

    Consumer confidence index (CCI) is a standardised confidence indicator providing an indication of future developments of households’ consumption and saving.

    The Consumer Confidence Index is based on the Consumer Confidence Survey, which has a responding sample size of 3,000 questionnaires. The survey was initially conducted every two months starting in 1967 but changed to monthly tracking in 1977.

    There are five questions asked in the survey. The first two relate to present economic conditions while the remaining three are related to future expectations.