US consumer confidence tumbles to 12-year low

Americans are increasingly anxious about their jobs and finances as the Trump administration's trade policies and government cutbacks stoke concern about the economy.

- DANIELLE KAYE

Consumer confidence tumbled this month to its lowest level since January 2021, the Conference Board reported Tuesday, extending a decline that has been underway since shortly after President Donald Trump was elected in November. The short-term outlook for "income, business and labour market conditions" fell to its lowest reading in 12 years, the business group reported, signalling consumer angst about a deterioration in economic conditions in the coming year.