Trump's economic promises disappoint; confidence declines nationwide

Donald Trump's return to the White House has not improved the economy as he promised. Instead, the S&P 500 index fell into correction territory, marking its fourth consecutive week of losses, amid rising concerns over tariffs and job market stability. Recent surveys show a significant decline in consumer and business confidence. The University of Michigan reported the lowest outlook for business conditions ever, while the National Federation of Independent Businesses noted rising uncertainty among small business owners. Despite the negative trends, Trump continues his tariff strategy, with administration officials preparing for potential economic downturns. Some experts predict rising unemployment and inflation due to these policies, while others highlight falling gas and mortgage prices as positive signs.