PANews reported on March 14 that according to Jinshi, U.S. consumer confidence plummeted in March and inflation expectations soared due to concerns that U.S. President Trump's comprehensive tariff policy would push up prices and weaken the economy. Trump's tariffs triggered a trade war. The University of Michigan's consumer confidence index released on Friday fell to 57.9 from the final value of 64.7 in February. The index wiped out all the gains after Trump won the election last November. Consumers' 12-month inflation expectations jumped to 4.9% from 4.3% in February. Over the next five years, consumers expect inflation to reach 3.9%. The impact of tariffs and the escalation of the trade war have disrupted financial markets and triggered a sell-off in the stock market, which has also led to a downturn in sentiment this month. A poll showed that 57% of respondents believed that Trump's measures to revive the economy were too unstable, including drastic cuts in government spending and large-scale layoffs of federal workers, and 53% believed that the tariff war would do more harm than good.