Most Americans believe that the prices of everyday goods will increase after Donald Trump's new tariff proposal, according to a new Reuters/Ipsos survey.
The president recently announced the greatest increases in the US rate in decades, which caused concern between consumers and economists equally.
The online survey, conducted for three days and ended on Sunday, found that 73% of respondents expect prices to increase in the next six months. Only 4% of early prices would fall, while the rest did not foresee any change or did not respond.
The Trump Rate Plan points to imports from almost all countries and includes levies of at least 10%. The measure has shaken Wall Street and has received criticism from experts who warn that they could increase costs and potentially trigger a global recession.
The opposition to the rates was 57%, including a quarter of the Republicans. Only 39% said they supported the new measures. Despite this, 52% of respondents agreed with the Trump administration position that the United States has taken advantage of in global commercial agreements.
Trump has often cited unfair commercial practices such as justification for higher tariffs, claiming that they will cause resurgence in American manufacturing. However, 44% of respondents said they did not agree with that logic.
The survey also revealed deep partisan divisions. Half of respondents, including almost all Republicans, agreed with the statement that “any short -term economic pain is worth making the United States stronger in the long term.” The other half, including most of the Democrats, is drained.
The national online survey shows 1,027 adults and carries a margin of error of approximately 3 percentage points.
