Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Americans increasingly wary of Trump’s tariff push as new poll reveals mounting anxieties

by March 17, 2025
March 17, 2025
Americans increasingly wary of Trump’s tariff push as new poll reveals mounting anxieties

Americans are growing ever more uneasy about Donald Trump’s aggressive tariff strategy, despite the former president’s fervent reassurances.

A fresh survey by the Harris Poll reveals that, out of a list of pressing issues including inflation, healthcare, and immigration, tariffs rank as a top concern for 72% of respondents — a sizeable jump from 61% recorded in mid-January.

Trump’s sweeping trade measures have escalated substantially in recent weeks. Since returning to the White House, he has imposed an additional 20% tariff on Chinese imports and hiked taxes on steel and aluminium shipped to the United States. Next month, the administration plans to introduce even more stringent measures: a wave of so-called “reciprocal” tariffs targeting goods from around the globe, plus universal levies on imports from Canada and Mexico.

The White House continues to argue that higher tariffs will re-shore American jobs and ultimately boost wages, with Commerce Secretary Howard Lutnick going so far as to say a possible recession would be “worth it”. However, scepticism remains high among US voters, with 66% convinced that any economic benefits gained from tariffs could take years to materialise.

Unsurprisingly, the nation is split along political lines. Republicans report being less alarmed by the possibility of recession and higher prices for imported goods, whereas Democrats and independents are notably more anxious. Only a third of Democrats and around 40% of independents believe tariffs on Canada and Mexico are justified, compared with an overwhelming majority of Republicans who back them.

Inflation and the general cost of living remain dominant worries across all political affiliations. More than 80% of Americans — including 82% of Republicans, 91% of Democrats and 88% of independents — say they are worried about affordability. Escalating trade tensions have already prompted retaliatory measures from key US trading partners. Ontario threatened to hit American electricity exports with tariffs last week, prompting Trump to double levies on Canadian steel and aluminium to 50%. Although Ontario later backed down, Trump’s readiness to escalate has stirred further unease both at home and abroad.

Likewise, when the EU responded to American duties by slapping a 50% tax on US bourbon, Trump threatened a 200% tariff on European alcohol imports. The result has been a volatile period on Wall Street, where a spate of recent economic data showing stable job and price growth has jostled with fresh investor fears of a looming slowdown.

Still, one point unites Americans of different persuasions: a majority (59%) believe that tariffs will be short-lived. “Most Americans are of the sentiment that ‘this too shall pass’,” notes John Gerzema, CEO of the Harris Poll. “But there’s a growing conviction that, even if these trade measures are rolled back soon, the impact on the broader US economy could be unpredictable and long-lasting.”

Read more:
Americans increasingly wary of Trump’s tariff push as new poll reveals mounting anxieties

0
FacebookTwitterGoogle +Pinterest
previous post
Reeves meets regulators to tackle red tape as growth forecasts cut again
next post
Judicial Crisis in Uzbekistan: The International Community Watches the Allamjonov Case

You may also like

Amazon announces revenues of $170bn for peak Christmas...

February 2, 2024

Theo Paphitis urges government to close tax loophole...

March 25, 2024

Morrisons tests raising freezer temperatures to cut energy...

August 2, 2024

Tata Steel to cut 3,000 jobs at Port...

January 18, 2024

Charity shops go digital to compete with booming...

April 21, 2025

Financial wellbeing startup Mintago closes $4.75m funding round

September 26, 2023

Average household energy bills to hit £3,000 a...

November 18, 2022

4 tips to promote your online business

April 11, 2023

International payment concerns stop SMEs from expanding overseas 

January 25, 2024

Google fails to block adverts on ‘climate lie’...

January 20, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • America’s Not-So-Secret Secret Police

      August 7, 2025
    • Poll: Nearly 1 in 4 Americans Think They Have a Personal Social Security Account

      August 7, 2025
    • Republican senator claims RFK Jr. mRNA vaccine decision undermines Trump agenda

      August 7, 2025
    • Who is Anita Dunn? The Biden confidante who clashed with Hunter grilled in House autopen probe

      August 7, 2025
    • Case v. Montana Brief: Limit Loopholes to the Fourth Amendment

      August 7, 2025
    • Trump opens $9tn US retirement market to crypto in landmark executive order

      August 7, 2025

    Categories

    • Business (8,704)
    • Investing (2,184)
    • Politics (16,333)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved