Hey everyone 👋, a recent survey has stirred the political scene as Republicans show growing doubts about U.S. President Donald Trump's trade policy. According to the University of Michigan’s index, the broad sentiment dipped from 52.2 in April to 50.8 in May, while the forward-looking component fell further to 46.5, highlighting concerns over potential job losses.
The findings get even more interesting with inflation expectations: forecasts for one year ahead surged from 6.5% to 7.3% — the highest level since 1981! Longer-term projections also nudged up from 4.4% to 4.6%, suggesting that many Republicans are anxious that current trade measures might keep price pressures high.
Overall, self-identified Republicans saw their sentiment score drop from 90.2 to 84.2, and the economic outlook index slipped from 95.9 to 90.8, reaching a six-month low. The survey, conducted between April 22 and May 13, offers a timely glimpse into the economic mood as policy shifts begin to ripple through market expectations.
For young professionals, students, and curious minds tracking global trends, these numbers serve as a reminder that economic policies can have real impacts on everyday life. Stay tuned for more updates as we continue to follow this evolving story! 🚀💼
Reference(s):
Republicans losing confidence in Trump's trade policy: survey
cgtn.com
