Summary
A Harris poll reveals that 69% of Americans believe Donald Trump’s proposed tariffs would increase consumer costs, with many planning purchases ahead of his inauguration to avoid price hikes.
Trump has championed tariffs as a key policy to boost domestic manufacturing, but economists and corporate leaders warn costs will be passed to consumers, potentially adding $2,600 annually to household expenses.
While Republicans are more supportive of tariffs, only 51% think they will benefit the economy.
The poll highlights widespread concern over tariffs’ economic impact, especially amid lingering inflation and financial uncertainty.
Right so some industries that sell to the US would see slowdowns but the things we buy from US won’t be affected by tariffs unless Canada retaliates. Right?
My question was more about our cost of goods, our economy overall is not doing well and tariffs are not the only reason.
Imo this has been brewing ever since our country somehow decided house price growth means economic growth.