American consumer confidence slipped last week, aligning with a crisis with Iran earlier this month, in which tensions between that nation and President Donald Trump almost boiled over into what many predicted could have resulted in a long-term military campaign for the United States.
The drop in confidence numbers was the first time consumer confidence had fallen since October of last year, Newsweek reported.
Consumer sentiment dropped across the board, no matter what a person’s ideology was. Although the drop was less significant among Trump supporters, even those who said they voted for the president in 2016 admitted their confidence in the economy had been shaken slightly.
Among those who are Trump supporters, confidence dropped by 1.4 points. Those who disapprove of Trump’s time in office saw their confidence fall by 2.3 points, according to Morning Consult’s examination of people’s attitudes.
Moderates and liberals saw their confidence in the economy drop by around the same level, by 2.4 and 2.1 points respectively. Conservatives had a less-pronounced but still evident drop of 1.2 points confidence in the economy.
The faltering confidence in how the economy is doing or will do coincided with tensions rising in Iran, following Trump’s order to assassinate Iranian Gen. Qasem Soleimani earlier this month. Iran retaliated shortly after that, launching ballistic missiles toward U.S. military bases in Iraq.
Following that, Trump announced a cease in military action, a new round of economic sanctions on Tehran, and hostilities quelled.
Americans’ confidence in Trump’s ability to handle issues with Iran also floundered as a result. According to a USA Today/Ipsos poll released last week, 55 percent of Americans said the decision to assassinate Soleimani made the U.S. less safe, and 62 percent said they believe it made it more likely that terrorism would find its way to American soil.
Fifty-two percent called Trump “reckless” for his actions in Iran, the poll also found.