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Americans sour on US economy and anxiety over tariffs remains the chief culprit

WASHINGTON (AP) — Americans’ view of the U.S. economy worsened in June, resuming a downward slide that had dragged consumer confidence to its lowest level since the COVID-19 pandemic five years ago.

The Conference Board said Tuesday that its consumer confidence index slid to 93 in June, down 5.4 points from 98.4 last month, which represented a brief uptick.

The regression surprised economists, who had expected a small uptick this month.

In April, American consumers’ confidence in the economy sank to its lowest reading since May 2020, largely due to anxiety over the impact of President Donald Trump’s tariffs.

A measure of Americans’ short-term expectations for their income, business conditions and the job market fell 4.6 points to 69. That’s well below 80, the marker that can signal a recession ahead.

Consumers’ assessments of the present economic situation declined by 6.4 points to 129.1.

Tariffs and the impact they could have on personal finances remained at the top of respondents’ minds, the Conference Board said.

Trump’s aggressive and unpredictable policies — including massive import taxes — have clouded the outlook for the economy and the job market, raising fears that the American economy is headed toward a recession.

Consumers’ fears of a recession during the next 12 months rose slightly in June and remain elevated,

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