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US consumer confidence plunges to lowest in 5 years on tariff worries

Americans’ confidence is at the lowest level since the onset of COIVD-19 as worries about the impact of tariffs take a heavy toll on consumer expectations for future growth.

Valdis Dombrovskis, left, Executive Vice President of the European Commission for Economy and Productivity, meets with Specialist Alexander Weitzman on the floor of the New York Stock Exchange, Monday, April 28, 2025. (AP Photo/Richard Drew)
Valdis Dombrovskis, left, Executive Vice President of the European Commission for Economy and Productivity, meets with Specialist Alexander Weitzman on the floor of the New York Stock Exchange, Monday, April 28, 2025. (AP Photo/Richard Drew)
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Americans’ confidence in the economy slumped for the fifth straight month.

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