President Trump says voters have signed up for his economic policies, but consumer trust is at the lowest in five years

• Consumer trust in the US is falling sharply Amid growing concerns about tariffs and economic instability, the conference committee reports its lowest expected index since 2011. Despite this, President Trump claims that the vote approved his tough trade stance during the election.

American consumers are becoming increasingly uncomfortable Economic outlook As the White House continues its robust tariff rhetoric There is no agreement yet with the trading partner.

But President Trump said the unrest was something Americans signed up when they voted for an oval office.

This view appears to be at odds with the shared polls ahead of the election.

but, 100 days after the second Trump administrationThe family has begun He questioned the path the White House is taking.

Consumer confidence has not been this low since 2020 at the height of the pandemic, according to the conference committee.

in I’ll release it yesterdaythe board shared that public economic trust in April fell 7.9 points to an index reading of 86.

Meanwhile, the expected index, based on a short-term outlook on consumer revenue, business and labor market conditions, dropped 12.5 points to 54.4 points, the lowest level since October 2011. This is usually well below the 80 threshold for a recession.

In the release, Senior Economist Stephanie Gyade, a global indicator for the conference committee, said:

“The three expected components (business conditions, employment outlook, future revenue) all have deteriorated sharply and reflect prevalent pessimism about the future.”

The survey employs an online sample of over 36 million consumers, and the additional tariffs are the number one concern for consumers, as they reach “overly high” in written responses.

Trump: Voters signed up for this

But President Trump claims he knew what they were obsessed with when voters elected him for his oval office.

“(Voters) actually signed up for it,” the president said. ABC interview It was released yesterday. “This is what I campaigned for. We said we were being abused by other countries on a level that no one ever saw… They were using us, and I could have kept it that way.

“But I said, ‘No, we need to fix it.’ I’ve wanted to do this for so many years. ”

When it was pointed out that Trump ran on a promise to lower prices and restore economic stability, Trump rebutted that he continues to have despite economists’ consensus that the strategy would raise prices.

“When asked if there were any difficult times ahead, he disagreed and said, “I don’t think so, I think there’s a great time ahead. As gasoline is falling, groceries are falling, egg prices are falling, lots of things are falling… When toys get that drop, there’s no inflation.”

Was this a vote by the US?

Since the election, voters have said one of their main motivations for supporting Trump was that he believed he would do a better job in the economy.

a Navigator survey For example, they found that the joint reason for supporting the Republican candidate out of more than 5,000 voters in November was to defeat inflation and improve the state of the national economy.

Same as wellweeks before the election, the New York Times and Siena University Opinion survey 52% of people trusted Trump and found that they would lead the economy more than Harris, who won 45%.

University of Michigan’s Ross Business School Financial Times and University It has been reported 44% of voters believed they would do a better job in the economy compared to 43% whom Trump said Harris.

So, while Trump had made it clear on the campaign trail that he wanted to re-easify American trade transactions, voters probably wouldn’t have taken part in the matter about the economic instability they need to suffer.

As tariff news increases, the market is already doing the same calculations after volatility begins to rise.

As Head of US Investment Strategy for JPMorgan Private Bank,Jake ManukianI saidluckIn an exclusive interview last month: “So far… Trump is pretty much the opposite of expectations in November, December and January. That came when the S&P 500 was trading at 22x forward P/E multiples.

“What needs to be reorganized is the confluence of the disconnect between expectations and reality, which emerges through selloffs in the S&P 500.

This story was originally introduced Fortune.com