politics
Tariff worries drive consumer confidence to 5-year low
By The Hill | Ashleigh Fields | 4/29/2025 11:40 AM
The Conference Board said its consumer confidence index dropped by 7.9 points in April, marking its lowest reading since May 2020, largely in response to President Trump's tariff war. Trump has imposed a baseline 10 percent tariff on most international partners and a 145 percent tariff on China, the world's second-largest economy. Steep "retaliatory tariffs"... ... Read full Story