US Consumer Sentiment Hits 7-Month Low After Trump Takes Office
U.S. consumer sentiment has fallen to a seven-month low as inflation persists and President Donald Trump promotes various economic policies, including levying tariffs on key U.S. trading partners, according to preliminary February data from the University of Michigan Surveys of Consumers.
The drop, which occurred across political affiliations, signals that many Americans lack confidence in the economy.
Trump, who took office on January 20, campaigned heavily on the economy, vowing to reduce inflation and impose tariffs on some of the country's closest trading partners like Mexico and Canada, citing concerns over drugs, immigration, and trade deficits.
US consumer sentiment hits 7-month low after Trump takes office
Following Donald Trump's first few weeks as president, preliminary data shows consumer sentiment has dropped in February.
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