U.S. consumer confidence has nosedived to its lowest level since May 2020, with Americans increasingly anxious about how new tariffs might hit their wallets. The U.S. Conference Board reported a 7.9-point drop in April’s consumer confidence index – a dramatic shift some are calling the 'Tariff Tumble.'
The slump comes as former President Trump’s proposed tariff policies spark fears of price spikes on imported goods. From smartphones 🖥️ to sneakers 👟, many worry everyday essentials could soon cost more. 'It feels like everything’s getting pricier except my paycheck,' said a TikTok user in a viral video reacting to the news.
Experts warn reduced consumer spending could ripple through the economy, affecting jobs and business growth. One economist tweeted: 'Tariff tremors → price hikes → spending freeze. It’s a survival game for both households and businesses right now.'
With inflation still fresh in memory, Gen Z and millennials are swapping budget hacks online under hashtags like #TariffSurvival. Grocery haul videos now feature 'tariff-proof' meal plans, while thrift shopping trends surge. Will Washington listen to the pocketbook panic? Stay tuned. 📈🛒
