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A recent Reuters/Ipsos survey indicates that a significant number of Americans anticipate an increase in prices for everyday goods following President Donald Trump’s extensive new tariff plan.
The president has introduced the largest increases in tariffs in decades, eliciting worry from both consumers and economists.
The online poll, which ran for three days and concluded on Sunday, revealed that 73% of participants expect prices to rise within the next six months. Only 4% believed prices would decrease, while the remaining respondents were either neutral or did not provide an answer.
Trump’s tariff initiative affects imports from almost every nation and includes duties of no less than 10%. This has caused unease on Wall Street and garnered critique from experts who warn that it could escalate costs and possibly initiate a global recession.
Opposition to these tariffs stands at 57%, with a quarter of Republicans in disagreement. Just 39% expressed support for the new proposals. Despite this, 52% acknowledged the Trump administration’s claim that the U.S. has been exploited in international trade agreements.
Trump has frequently referenced unfair trade practices as a rationale for raising tariffs, asserting that these measures will revitalize American manufacturing. Nonetheless, 44% of survey respondents disagreed with this justification.
The poll also highlighted stark political divisions. Half of those surveyed, including nearly all Republicans, concurred with the idea that “any short-term economic discomfort is justified to strengthen the U.S. in the long run.” The other half, primarily consisting of Democrats, disagreed.
This nationwide online survey included responses from 1,027 adults and has a margin of error of around 3 percentage points.
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