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Trump's Tariff Threats Plunge Consumer Confidence 10.5%

3/15/2025

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Summary

Story summary

President Trump's tariff threats have shaken consumer confidence, plunging the University of Michigan's index by 10.5% in March. With inflation expectations soaring to 3.9%—the highest since 1993—concerns mount over economic growth as consumers brace for rising unemployment and cut back on spending amid trade uncertainty.

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Story summary

President Trump's tariff threats have shaken consumer confidence, plunging the University of Michigan's index by 10.5% in March. With inflation expectations soaring to 3.9%—the highest since 1993—concerns mount over economic growth as consumers brace for rising unemployment and cut back on spending amid trade uncertainty.