A recent Reuters/Ipsos poll reveals that most Americans oppose higher tariffs on imported goods if they lead to increased consumer prices. The findings highlight the political risks surrounding President-elect Donald Trump’s plan to impose steep import tariffs aimed at boosting American industry and curbing illegal activities such as fentanyl trafficking.
The survey, conducted over six days, found that only 29% of respondents supported higher tariffs even if prices rise, while 42% disagreed. Additionally, just 17% of respondents believed tariffs would personally benefit them. The poll included 4,183 U.S. adults and has a margin of error of two percentage points.
Trump has pledged a 10% universal import tariff and a 60% levy on Chinese goods, alongside a 25% tariff on imports from Mexico and Canada. He argues these measures will revitalize U.S. manufacturing and address illegal immigration. Economists, however, warn these tariffs could fuel inflation, affecting household budgets and potentially undermining public support.
During an NBC interview, Trump dismissed concerns about consumers bearing the costs of tariffs, describing them as a tool to make America “rich.” However, experts like Mary Lovely of the Peterson Institute for International Economics caution that public opposition may limit Trump’s ability to implement aggressive tariff policies.
The potential consequences of such tariffs extend beyond U.S. borders. Mexico and Canada, America’s top trading partners, have signaled possible retaliatory actions. Mexican President Claudia Sheinbaum has suggested reciprocal tariffs, while Canadian leaders have floated halting energy exports or restricting access to critical minerals.
China, facing higher tariffs on exports, is reportedly considering devaluing its currency to offset the financial impact. During Trump’s first term, his tariffs on $370 billion worth of Chinese goods excluded key categories like electronics, minimizing inflation. This time, broader tariffs could have a more pronounced effect.
With 10% of U.S. consumer spending tied to imports, any significant tariff increase is likely to be felt directly by American households. Economic concerns, paired with public skepticism, may shape the trajectory of Trump’s ambitious trade agenda.
