Americans' Sentiment Falls More Than Forecast on Trade

U.S. consumer sentiment fell more than forecast in April on concerns about the impact of White House trade policy, according to a University of Michigan report Friday. Even with the monthly setback, confidence remains elevated.

Some 29 percent of respondents to the survey made spontaneous references to U.S. trade policy, with nearly all of the comments being negative. Even so, there were fewer unfavorable views of economic policy in April -- 27 percent -- than the previous month’s 33 percent.