Economic Pessimism Rises in Michigan and Virginia

Recent surveys show rising economic pessimism and uncertainty among voters and consumers in both Michigan and Virginia, with much of the concern attributed to shifting U.S. tariff policies under President Donald Trump. In Virginia, consumer sentiment has fallen to near record lows, with residents uncertain about making significant purchases despite a strong labor market and wage growth outpacing inflation. In Michigan, polls reveal a sharp partisan divide over tariffs, with most Democrats viewing them as harmful and most Republicans supporting them, while a majority overall expect tariffs to negatively impact Michigan's economy. The perception of economic decline is reflected in fewer voters reporting economic growth and increased fears of a recession. Independent voters in both states remain split on tariffs and economic outlook, underscoring the political implications of economic policy. Inflation and tariffs continue to be major concerns shaping public opinion.