President Donald Trump made news recently by threatening Walmart if it raises its prices because of tariffs. The retailer said it might have to increase some prices because of the high cost of the global trade war. Trump wrote in a Truth Social post that Walmart should “eat the tariffs” and not pass them on to customers. The President ominously wrote that “he’ll be watching.”

This comes as a new survey by the University of Michigan found confidence in the U.S. economy is steadily eroding. Researchers say the widely-watched Consumer Sentiment Index has shown a sharp decline throughout this year and is now at a three-year low.

WDET’s Quinn Klinefelter spoke with Director of Consumer Surveys at the University of Michigan, Joanne Hsu, about the trend.

Listen to The Metro weekdays from 10 a.m. to noon ET on 101.9 FM and streaming on-demand.