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.
Ha the consumers confidence huh. We just dump and pumped global markets with a Tweet on truth social. The whitehouse is being run like North Korea. What about the investor confidence.
Consumers don’t need confidence when investors pull out of the country and we all lose our jobs.
Not to mention the mass sell-off of debt bonds that is going to bankrupt our country.