#MarketRebound US consumer confidence unexpectedly falls in December

US consumer confidence unexpectedly fell in December, according to new data, amid concerns about the impact of tariffs on the economy before Donald Trump takes office.

Trump pledged during his election campaign to impose comprehensive tariffs on goods entering the United States, and many economists expect that to have an impact on the cost of everyday goods.

Responding to criticism, Trump has insisted that tariffs “if used properly” will boost the US economy, AFP reported. “Our country is losing out to everyone right now,” he told reporters in Florida earlier this month, adding: “Tariffs will make our country rich.”