Americans are feeling more optimistic about the economy as the Trump administration makes headway on trade agreements. Consumer confidence rose to 97.2 in July, up two points from the previous month, according to data released Tuesday by the Conference Board.
The reading reflects a modest rebound after a sharp dip in the spring, when concerns over new tariffs rattled households. President Trump’s decision to delay tariff hikes and pursue new trade deals has helped stabilize public sentiment.
The administration has negotiated agreements with seven countries so far. Earlier this week, Trump announced a breakthrough with the European Union, calling it the “biggest deal ever made.”
"A STRONG NUMBER": Consumer confidence shot up in July — coming in "better than expected" as President Trump secures good trade deals and the One Big Beautiful Bill takes effect pic.twitter.com/9MEs5kYVCh
— Rapid Response 47 (@RapidResponse47) July 29, 2025
The latest consumer confidence survey was conducted before the EU deal was announced, indicating that future readings may reflect even greater optimism.
“Confidence has stabilized but remains below last year’s levels,” said Stephanie Guichard of the Conference Board. “Tariffs are still a concern, especially regarding rising prices.”
TIPP Staff
