Newsweek on Nostr: Donald Trump gets bad news about his tariff plan from Americans in new poll ...
Donald Trump gets bad news about his tariff plan from Americans in new poll
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A WalletHub Fed Rate survey of 200 Americans conducted in December 2024 revealed that 74% believe Trump's proposed tariffs will lead to increased inflation. Nearly 90% of respondents feel inflation is a current issue, with more than 75% prioritizing it over job market concerns. Trump's tariff plans include a 60% extra cost on Chinese goods and up to 20% on imports from other countries, potentially costing the U.S. between $46 billion and $78 billion annually in lost purchasing power. Experts warn that tariffs could raise consumer prices significantly, with middle-income families facing annual losses of at least $2,500. Trump's previous tariffs in 2018 included 30-50% on solar panels and washing machines, and 25% on steel. Approval for new tariffs may depend on bipartisan support in Congress.
#DonaldTrump #Tariffs #Inflation #Poll #Economy #UsPolitics #ConsumerPrices #BipartisanSupport #Wallethub #2024
https://www.newsweek.com/donald-trump-bad-news-tariff-plan-inflation-poll-2001523
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A WalletHub Fed Rate survey of 200 Americans conducted in December 2024 revealed that 74% believe Trump's proposed tariffs will lead to increased inflation. Nearly 90% of respondents feel inflation is a current issue, with more than 75% prioritizing it over job market concerns. Trump's tariff plans include a 60% extra cost on Chinese goods and up to 20% on imports from other countries, potentially costing the U.S. between $46 billion and $78 billion annually in lost purchasing power. Experts warn that tariffs could raise consumer prices significantly, with middle-income families facing annual losses of at least $2,500. Trump's previous tariffs in 2018 included 30-50% on solar panels and washing machines, and 25% on steel. Approval for new tariffs may depend on bipartisan support in Congress.
#DonaldTrump #Tariffs #Inflation #Poll #Economy #UsPolitics #ConsumerPrices #BipartisanSupport #Wallethub #2024
https://www.newsweek.com/donald-trump-bad-news-tariff-plan-inflation-poll-2001523