Trump ‘to lower some tariffs’ amid steep drop in consumer sentiment #MacroEdge
— MacroEdge (@MacroEdgeRes) November 12, 2025
BREAKING: Trump says he is going to “lower some tariffs.” pic.twitter.com/FPQD6svdzk
— unusual_whales (@unusual_whales) November 12, 2025
Why lower tariffs if the economy is doing so good with them?
https://thehill.com/business/5595217-consumer-sentiment-plummets-november/
Consumer sentiment plunged to near-record lows in November as the slowing job market, stubborn inflation and the government shutdown post increasing problems for President Trump.
The University of Michigan consumer sentiment index dropped to 50.3 in November, according to data released Friday, down from 53.6 percent last month and 71.8 percent one year ago.
The November consumer sentiment reading was the worst since the record low of 50 in June 2022, which came near the peak of the post-pandemic inflation surge.
“With the federal government shutdown dragging on for over a month, consumers are now expressing worries about potential negative consequences for the economy, said Joanne Hsu, director of the Michigan Surveys of Consumers.
