Washington CNN —
The Trump bump in consumer sentiment is now a Trump slump.
Americans continue to grow worried over President Donald Trump’s escalating and haphazard trade war, according to the University of Michigan’s latest consumer survey released Friday. Consumer sentiment fell 11% this month to a reading of 57.9, a preliminary reading showed, down from last month’s reading of 64.7 and reaching its lowest level since November 2022. That’s a sharp retreat from December, after the US presidential election, when sentiment rose to its highest level in months.
The Trump administration’s rollout of its
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