Americans expect—and are concerned about—higher prices in the wake of the tariffs, according to polls, with 77% in the Economist/YouGov survey and 73% in the Reuters/Ipsos poll saying they will lead to an increase in prices, while the Quinnipiac survey found more respondents (47%) are concerned about the price of food and goods when assessing their financial situations than any other issue. Voters are less pessimistic about the effects of tariffs in the long-term versus the short term: 72% believe they’ll hurt the U.S. economy in the short-term and 53% say they’ll hurt the U.S. economy in the long-term, according to Quinnipiac; and 37% of Economist/YouGov respondents said they may cause short-term economic pain but lead to long-term economic growth, compared to 48% who said they will harm the economy and consumers with no real long-term benefits. Reaction to Trump’s tariffs wasn’t all bad, however: 51% of respondents to the CBS/YouGov poll said they like Trump’s goals for the tariffs, which he’s said are designed to return manufacturing jobs to the U.S. and decrease the U.S. trade deficit with other countries, though 63% dislike his approach, and 76% surveyed by Reuters/Ipsos said they believe tariffs should be aimed at countries that “have been taking advantage of the U.S.” on trade.
Author: Sara Dorn, Forbes Staff, Sara Dorn, Forbes Staff https://www.forbes.com/sites/saradorn/
Published at: 2025-04-14 21:50:29
Still want to read the full version? Full article
