Americans are deeply concerned about the economy in their country. Research from the University of Michigan shows that consumer confidence has fallen to the second-lowest point ever.
The University Researches The Confidence of American Households Every Month, and Preliminary Figures for Month Show That This Confidence has Fallen to 50.8. In December 2024, Shortly After Donald Trump won the Presidential Election and A Month Before He Tok Office, The Index was Still at 74.
Since then, Confidence Has Fallen Rapidly. Accordance to researchers, this is because households fear that prices will rise. The Fear Exists Among Both Democratic and Republican Voters.
The Fear is probably related to the policy of the American Government. In recent months, IT HAS IMMOSED IMPORTS on Virtuaxy All Products from Outside the United States.
American Companies Must Pay This Import Tax IF They Purchase Goods From, For Example, Europe or China. In many cases, thesis ultimately end up on the consumer’s plate. For Example, The Large American Supermarket Chain Walmart Warned on Thorsday That Price Increases Are Inevitable Due to Higher Import Duties.
The Confidence Index was only Lower in June 2022. At that time, Americans were gloomy due to high inflation and fear of a recession.
Incidentally, a Large Part of the Research was Carried Out Before A Temporary Agreement was Reached Between the US and China On a Significant Reduction in Mutual Duties. But The Researchers Say It is Unlikely that temporary Trade Agreements Will Be Sufficient to Completely Eliminate Inflation Conerns.