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US consumer sentiment sees largest drop since 1990 after Trump tariff chaos

US consumer sentiment sees largest drop since 1990 after Trump tariff chaos

Experts warn of slowing economy after score based on Americans’ financial outlooks fell by 32% since January

US consumer sentiment plummeted in April after Donald Trump’s trade war threw the global economy into chaos, according to a new report.

The index of consumer sentiment, a score based on a monthly survey asking Americans about their financial outlooks, fell by 32% since January – the largest drop since the 1990 recession, according to the University of Michigan’s Institute for Social Research.

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Stunned resignation and foreboding: a week in Trump’s shadow at IMF

Stunned resignation and foreboding: a week in Trump’s shadow at IMF

Few policymakers mention US president by name, but his tariffs dominate IMF-World Bank meeting

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Kristalina Georgieva’s favourite film, the International Monetary Fund boss told the audience at a packed panel event in Washington on Thursday, is Tom Hanks’s cold war romp Bridge of Spies.

In one of the stranger digressions in a frequently strange week, Georgieva recalled the moment when Hanks’s character, a US lawyer, tells the Soviet spy he has been appointed to defend that he will probably be executed. “You don’t seem alarmed,” Hanks says to him; to which the spy – played by Mark Rylance – replies, “Would it help?”

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