Washington CNN —
Americans are not only increasingly fearful of higher inflation — with President Donald Trump set to announce a sweeping spate of tariffs in just a few days — but many more are now dreading rising unemployment.
Consumer sentiment tanked 12% this month, the University of Michigan said in its latest survey released Friday. That was a slightly steeper decline than the one reported in a preliminary reading earlier this month. Respondents blamed Trump’s erratic trade war for their jitters, the survey said.
“Consumers continue to worry about the potential for pain amid
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