- Consumer confidence in the United States decreased sharply Amid increasing concerns about customs tariffs and economic instability, as the Conference Council has informed the lowest indication of expectations since 2011.
American consumers grow increasingly uncomfortable with Economic expectations With the White House continuing a strong tariff speech with There are no deals yet agreed with commercial partners.
However, President Trump said that this anxiety is what the American people participated in when they voted in the oval office.
This opinion appears to be in contradiction with opinion polls before the elections, which showed that voters supported the Republican candidate because they believed that it will manage the economy better.
but, After 100 days since the second Trump administrationFamilies began To question the path of the White House.
According to the Conference Council, consumer confidence has not been low since 2020, at the height of the epidemic.
in Yesterday’s releaseThe Board of Directors shared that the economic confidence of the public decreased 7.9 points in April to read the 86 index.
Meanwhile, the expectation index-the short-term expectations of consumer, has decreased-12.5 points to 54.4, the lowest level since October 2011. It is much lower than the 80 threshold, which usually indicates stagnation forward.
“The decline was largely driven by consumer expectations,” said Stephanie Gwechadd, chief economist, global indicators in the Conference Council.
“The three components of expectation – business conditions, employment prospects, and future income – all deteriorated sharply, reflecting the pessimism of the spread around the future.”
The poll, which takes an online sample of more than 36 million consumers, the added tariffs are the first concern of consumers who mention “high all the time” in written responses.
Trump: The voters participated in this
However, President Trump argues that voters know what they entered when they chose it in the Oval Office.
“(The voters) actually participated in it.” ABC in an interview He released yesterday. “This is what I carried. I said that we were hurting by other countries at unprecedented levels before … they were benefiting from us. I could have left it in this way and at some point there was a collapse like no one unprecedented.
“But I said,” No, we have to fix it. “I wanted to do this for many years.”
When Trump was indicated that he also ran a promise to reduce prices and restore economic stability, Trump replied that he had continued inflation despite the consensus between economists that this strategy will raise prices.
When asked if the difficult times were different, saying: “I don’t think so, I think the great times in the foreground. Since I came in gasoline, groceries are broken, and the prices of eggs are low, many things are broken … when the game of this type of decline, you will not have an enlargement.”
Is this what America voted on?
Either before the elections and since then, the voters have said that one of their main motivations to support Trump is that they believe that he will do better in the economy.
A Navigator Of more than 5,000 voters in November, it was found that the common cause of people who supported people to the Republican candidate is that it will reduce inflation and improve the state of the national economy.
On the same wayIn the weeks before the elections, the New York Times and the Siena College reconnaissance 52 % of people found in Trump to lead the economy on Harris, who recorded 45 %.
Vinanouchi times I mentioned 44 % of voters believe that Trump will do better with the economy, compared to 43 % who said Harris.
So, while Trump was evident in the campaign’s path that he wanted to balance American commercial deals, voters may not join points on the economic instability that might have to suffer.
The markets were already the same account, after the fluctuations began to rise as the tariff news increased.
As head of the investment strategy at JPMorgan Private Bank,Jake ManokianHe saidluckIn an exclusive interview last month: “Until now … Trump is the opposite of what the expectations were in November, December, January. This came at a time when S& P500 was trading 22 times forward, and bread in a lot of enthusiasm about an acceleration in corporate profits and reviving the capital market activity.
“It is the meeting between the expectations and the reality that must be reorganized, and this shows itself through the sale in the S&P 500 that was focused in some of the most popular names,”.
This story was originally shown on Fortune.com
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