US consumer confidence sinks to 5-year low driven by tariffs, recession fears

American consumer confidence has plummeted to its lowest point since the pandemic's start, driven by tariff concerns under President Trump's administration. The Conference Board reported a significant drop in April, with nearly a third of consumers anticipating job slowdowns, reminiscent of the Great Recession.

Apr 30, 2025 - 09:00
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US consumer confidence sinks to 5-year low driven by tariffs, recession fears
American consumer confidence has plummeted to its lowest point since the pandemic's start, driven by tariff concerns under President Trump's administration. The Conference Board reported a significant drop in April, with nearly a third of consumers anticipating job slowdowns, reminiscent of the Great Recession.

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