Consumer attitudes decline before new U.S. tariffs

Consumer attitudes have become more negative in March. This follows the announcement of new tariffs by President Donald Trump. A survey from the Conference Board revealed that sentiment has declined more than experts expected. The decline in consumer confidence comes just days before the U.S. is set to impose additional tariffs on imports. Many shoppers are concerned about the potential for a worsening trade war and its effect on the economy. Trump has called April 2 "liberation day," signaling the introduction of these tariffs, which he claims will improve trade relationships. Sources indicate that the upcoming tariffs may be less broad than initially promised. They will likely focus on trade partners with significant trade imbalances with the U.S. On Monday, news of this targeted approach boosted U.S. stock markets, helping them recover some recent losses. Meanwhile, the Federal Reserve is also adjusting its forecasts. Last week, the Fed predicted slower economic growth and rising inflation. Fed Chair Jerome Powell linked current inflation issues partly to the effects of tariffs. This situation remains fluid, and more updates are expected.