US consumer confidence improves in May, tariffs anxiety lingers

WASHINGTON (Reuters) -U.S. consumer confidence improved in May after deteriorating for five straight months amid a truce in the trade war between Washington and China, though households continued to worry about tariffs raising prices and hurting the economy. The Conference Board said on Tuesday its consumer confidence index increased 12.3 points to 98.0 this month. About half of the responses were collected after May 12, after the White House announced a deal to slash duties on Chinese imports to 30% from 145% for 90 days.

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