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Trump’s trade war has shattered consumer confidence

www.huffpost.com Trump's Trade War Has Shattered Consumer Confidence

Americans haven't been so pessimistic about the economy since inflation first spiked under President Joe Biden.

Trump's Trade War Has Shattered Consumer Confidence

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.

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

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