Americans are discouraged by Trump's trade negotiations

Americans are discouraged by Trump's trade negotiations

In the USA there is no optimistic mood in May in May, despite the somewhat relaxed situation in the constantly changing trade war of President Donald Trump.

consumer content remains stable

The consumer confidence remained unchanged in May and, according to the latest survey by Michigan's University of Michigan, reached a final value of 52.2. In a preliminary evaluation at the beginning of the month, the sentiment was a little worse, but the mood in the second half of the month improved after some tariffs were temporarily exposed to Chinese goods.

Effects of Trump's trade policy

The chaotic introduction of Trump's tariffs has unsettled many Americans in the past few months. However, economists do not agree whether this will inevitably lead to a decline in consumption expenditure. Nevertheless, the resilience of the US economy, including the labor market, is questioned because Wall Street, the US Federal Reserve and the consumers have a dark perspective.

look into the future

"Consumers do not see the economic situation worse than in the past month, but are still concerned about future development," said Joanne Hsu, the director of the survey, in a press release.

The influence of the trade war

The health of the US economy depends largely on how Trump's trade war develops. This week, a court decided that Trump could not use an emergency powers legally to introduce most of his comprehensive tariffs. On Thursday, however, the government successfully appealed to temporarily put it back into force. On Friday, Trump claimed that China had "completely injured" his trade agreement with the United States.

updates to the survey results

The last survey in Michigan was carried out by May 26 and therefore does not take into account the current judgments and Trump's aggressive statements to China. This story continues to develop and is continuously updated.