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Tag: economic sentiment
Consumer Confidence Surges as U.S.-China Trade Truce Revives Economic Sentiment Amid Legal Trade Battles
In May 2025, the Conference Board’s Consumer Confidence Index leaped to 98.0 from April’s revised 85.7, marking its largest one-month gain since 2011 (98.0 versus 85.7). This surge followed the May 12, 2025, temporary “truce” in the U.S.-China tariff war, when both nations agreed to roll back certain punitive levies and resume high-level negotiations. The rebound ended a five-month slide during which the Index had plunged to near five-year lows, reflecting widespread anxiety about escalating trade restrictions and their inflationary impact.