Consumer Sentiment Plummets Amid Trump's Trade Wars | JQJO

U.S. consumer sentiment plummeted to a pandemic-era low in April, marking the fourth consecutive monthly decline. The University of Michigan's index fell 11% to 50.8, reflecting widespread anxiety over President Trump's trade wars and potential job losses. Rising inflation expectations, reaching their highest since 1991, further fueled the decline. The drop affected all demographics and political affiliations, with even Republicans expressing diminished confidence. Experts warn of potential economic downturn and increased consumer caution, contrasting with previous years of robust spending.