Rising fears of Trump tariffs pummel US consumer confidence to four-year low
Tariffs panned by economists for sowing uncertainty that they said made it challenging for businesses to plan aheadUS consumer confidence plunged to the lowest level in more than four years in March, with households fearing a recession in the future and higher inflation because of tariffs.The Conference Board said on Tuesday that write-in responses to the survey showed “worries about the impact of trade policies and tariffs in particular are on the rise,” adding: “There were also more references than usual to economic and policy uncertainty.” Continue reading...
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Tariffs panned by economists for sowing uncertainty that they said made it challenging for businesses to plan ahead
US consumer confidence plunged to the lowest level in more than four years in March, with households fearing a recession in the future and higher inflation because of tariffs.
The Conference Board said on Tuesday that write-in responses to the survey showed “worries about the impact of trade policies and tariffs in particular are on the rise,” adding: “There were also more references than usual to economic and policy uncertainty.” Continue reading...
