Three -quarters of Americans are expecting a prices from Trump’s duties
Most Americans are preparing for higher prices for a wide range of consumer goods after President Donald Trump’s course to impose comprehensive new duties on imports from most of the world, a new Reuters/Ipsos survey has found.
The three -day study, which ended on Sunday, found that 73% of respondents say they believe that prices in the next six months would rise for the items they buy every day after the new taxation on almost all imports came into force.
Only 4% of respondents believe that prices will fall and the rest do not expect a change or have not answered the question.
The announcement by Trump last week for the largest increases in US customs duties in decades has shook Wall Street as many economists have predicted that they will raise prices and cause recession in the US and the rest of the world.
- About 57% of the respondents – including a quarter of the Trump Republican Party, said they were opposed to new duties, which include a duty of at least 10% on imports from almost every country.
- About 39% of the respondents support the new duties, and 52% say they agree with the Trump administration argument that other countries take advantage of the United States when it comes to international trade.
- 73% of Republicans approve of the imposition of Trump duties, and 88% of Democrats are against.
From a fault to a precipice-in the US Republicans and Democrats are looking differently in the world
Trump often cites this opinion as the reason for the introduction of new trade barriers, saying that they will lead to a boom in production in the United States. 44% of the respondents said they did not agree with this opinion.
The Americans have split mostly by party lines about whether higher duties are a good idea. Half of the respondents – including almost all Republicans – said they agreed with the claim that « any short -term economic pain is worth it to make the United States stronger in the long run. » The other half – including almost all Democrats – disagreed.
The Reuters/Ipsos survey, which was conducted online and nationwide, interviews 1027 elderly Americans and has an error limit of about 3 percentage points.
