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Consumers are not quite so upbeat as they have been since winter, CNBC reports.

Consumer sentiment dropped below expectations at the beginning of July to a six-month low on rising fears regarding the Trump Administration's trade battles.

Consumer sentiment fell to 97.1, according to the University of Michigan's monthly survey of consumers. Economists expected a reading of 98.2, according to Reuters.

"The darkening cloud on the horizon, however, is due to rising concerns about the potential negative impact of tariffs on the domestic economy," Richard Curtin, Surveys of Consumers chief economist, said.

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