U.S. Consumer Confidence Plunges as Tariff Concerns Mount

Recent data reveals a concerning drop in U.S. consumer confidence, reaching its lowest point in nearly five years. According to the Conference Board’s April report, the index plummeted 7.9 points, landing at an 86.0 score – the lowest since May 2020. This marks the fifth consecutive decline in consumer sentiment and reflects a lingering economic uncertainty stemming from rising tariff concerns.