Aussie consumer sentiment slumps 6% on US tariffs

Westpac said sentiment slumped 10% among respondents surveyed after the announcement of the US tariffs. — Bloomberg

SYDNEY: Australia’s consumer confidence has tumbled in April to a six-month low as President Donald Trump’s barrage of tariffs and the accompanying slump in stock markets hit households hard.

Sentiment dropped 6% to 90.1 points, a Westpac Banking Corp survey showed yesterday.