Consumer confidence sours in June, despite rollback of Trump's tariffs [View all]

Source: ABC News

June 24, 2025, 10:27 AM


Consumer confidence soured in June, erasing some of the boost in shopper attitudes that took hold last month as President Donald Trump rolled back tariffs, Conference Board data on Tuesday showed. The reading fell short of economists' expectations.

The fresh data resumes a trend of worsening consumer confidence that stretches back to the outset of 2025. Last month, a burst of enthusiasm appeared to snap the malaise but fresh data suggests shoppers remain concerned about the path of the U.S. economy.

The decline in consumer confidence took hold across all age, income demographics and political affiliations, the Conference Board said, noting an especially large dropoff among Republicans.

"Consumer confidence weakened in June, erasing almost half of May's sharp gains," Stephanie Guichard, senior economist for global indicators at the Conference Board, said in a statement.

Read more: https://abcnews.go.com/Business/consumer-confidence-sours-june-despite-rollback-trumps-tariffs/story?id=123149476