Americans Becoming More Hopeful About Economy Under Trump: Report

The American economy is regaining momentum—and the public is taking notice—thanks to President Donald J. Trump’s successful trade negotiations and strategic economic policies.

According to a new report from the Conference Board, consumer confidence rose by two points this month to 97.2, marking a steady rebound after a spring slump that followed the announcement of sweeping tariffs. That earlier dip, widely sensationalized by the media and so-called economic “experts,” has now proven to be little more than political fearmongering.

CNN, in a rare acknowledgment of positive news under President Trump, credited the administration’s string of new trade agreements as a key driver behind the renewed optimism. Since May, the White House has reached deals with seven countries—including China, the United Kingdom, and Japan—stabilizing global markets and restoring trust among American consumers.

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And the biggest development may still be ahead. Just days ago, the Trump administration announced the framework for a historic trade agreement with the European Union—an economic alliance poised to supercharge American exports. President Trump hailed it as the “biggest deal ever made,” though the Conference Board’s latest data was collected before that news broke and therefore doesn't yet reflect its likely positive impact.

Stephanie Guichard, senior economist at the Conference Board, admitted that consumer sentiment is improving, stating: “Consumer confidence has stabilized since May, rebounding from April’s plunge.” While she echoed legacy media concerns about tariffs leading to higher prices, the data tell a different story.

In reality, prices for essentials such as food and gasoline have either fallen or held steady—directly undermining predictions of skyrocketing inflation due to tariffs.

Lauren Goodwin, an economist at New York Life Investments, conceded that inflation “has come into better balance this year,” though she cautioned about price increases in certain tariff-sensitive categories like electronics and auto parts.

Yet the numbers don’t lie. The Trump administration’s tariff policy has not only strengthened America’s negotiating position—it has produced record-breaking results for the U.S. Treasury. According to Fox Business, the U.S. has already collected a staggering $150 billion in tariff revenue this year, with July alone bringing in $28 billion, the highest monthly total so far.

Those figures dwarf earlier projections. In January, tariff revenues stood at $7.9 billion. By April, they had more than doubled to $16.3 billion. Treasury Secretary Scott Bessent has projected that revenues could exceed $300 billion before year’s end.

While critics claim that U.S. businesses are bearing the burden, the Trump administration views tariffs as a critical tool for recalibrating trade imbalances and bringing manufacturing back to America.

The latest U.S.–EU deal underscores the broader strategy. In a sweeping energy agreement, European nations have committed to purchasing $750 billion worth of American energy, including liquefied natural gas (LNG), oil, and advanced nuclear fuels. That decision effectively severs Europe’s dependence on Russian energy—a major geopolitical win for the United States.

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According to Fox Business, the agreement includes both short-term oil contracts and long-term LNG and nuclear technology partnerships, based on the EU’s plan to phase out Russian imports.

With consumer confidence climbing, tariff revenue pouring in, and America’s energy sector poised for explosive growth, President Trump’s economic vision is once again proving the doubters wrong.

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