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		<title>Consumer attitudes sour amid Trump&#8217;s tariff escalation: Survey</title>
		<link>https://eznews.xyz/world-news/consumer-attitudes-sour-amid-trumps-tariff-escalation-survey/</link>
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		<pubDate>Fri, 11 Apr 2025 14:21:40 +0000</pubDate>
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					<description><![CDATA[Consumer attitudes worsened in April as President Donald Trump&#8217;s new tariffs triggered market upheaval and warnings of a possible recession, University of Michigan survey data on Friday showed. Sentiment soured more than economists expected. The survey marked the fourth consecutive month of dampening consumer attitudes, data showed. Consumers expect inflation to worsen, the survey said. [&#8230;]]]></description>
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<p class="EkqkG IGXmU nlgHS yuUao MvWXB TjIXL aGjvy ebVHC ">Consumer attitudes worsened in April as President Donald Trump&#8217;s new <a class="zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE " data-testid="prism-linkbase" href="https://abcnews.go.com/Business/trumps-tariffs-risk-inflation-recession-china-trade-war/story?id=120686518" target="_blank">tariffs</a> triggered market upheaval and warnings of a possible recession, University of Michigan <a class="zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE " data-testid="prism-linkbase" href="http://www.sca.isr.umich.edu" target="_blank">survey</a> data on Friday showed. Sentiment soured more than economists expected.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">The survey marked the fourth consecutive month of dampening consumer attitudes, data showed.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Consumers expect inflation to worsen, the survey said. Year-ahead inflation expectations surged from 5% last month to 6.7% this month, the highest reading since 1981.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Sentiment worsened among consumers across all demographics of age, income, education, geographic region, and political affiliation, data showed.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Trump on Wednesday paused so-called &#8220;reciprocal tariffs&#8221; on most U.S. trade partners, but the White House also raised its cumulative tariffs on Chinese goods to 145%. Officials also left in place across-the-board 10% tariffs on most imported goods.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC eTIW sUzSN ">On Friday morning, China retaliated with 125% tariffs on U.S. goods, escalating a trade war between the world&#8217;s two largest economies.</p>
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