Consumer confidence sinks to 4-year low and it’s no secret why: Trump tariffs and trade wars

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Economic Report

Expectations for the economy at the lowest ebb in 12 years

Published: March 25, 2025 at 10:10 a.m. ET

Consumers and businesses have grown very anxious about President Trump’s trade wars — and they have increasing doubt about the future of the economy if the White House stays on the current path.

The latest signal of angst: The long-running survey of consumer confidence fell to a more than four-year low of 92.9 this month from 100.1 in February, the Conference Board said Tuesday.

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