Despite the president hyping up a recent "deal" with China on tariffs, uncertainty has left consumers uneasy about the near-future.

U.S. consumer confidence slipped in June, reversing an improvement in May, according to the Conference Board's monthly survey. The consumer-confidence index fell to 93, from 98.4 last month. Analysts polled by The Wall Street Journal expected the index to improve to 99.

The Conference Board’s index of consumer confidence fell 5.4 points in June to 93, wiping out half of the gains made last month. A gauge of short-term expectations for personal income, business