Most Americans expect higher prices due to President Trump's tariff policies, according to a new poll from The Associated Press-NORC Research Center.
In the survey, 76 percent of respondents said Trump's tariff policies are going to raise the price of consumer goods in the U.S. either “a lot” or “somewhat.” Twelve percent said they believe the tariff policies are not going to change the price of consumer goods, while 11 percent said they are going to drop prices “somewhat” or “a lot.”
On Wednesday, Trump looked to cool a trade war with China, calling the tariff rate he put on the country “very high," and suggesting it would be lowered as part of a deal with Beijing.
“We’re dealing with a lot of countries right now and could be with China, but maybe we’ll make a special — you know, a deal — and we will see what it will be. Right now, it’s at 145 percent, that’s very high,” Trump said Wednesday.
China on Thursday said it is not actively engaged in the negotiating process over tariffs with the U.S., contradicting Trump, who has said talks with Beijing are underway.
Trump also met with CEOs of U.S. retailers including Walmart and Target earlier in the week, with the CEOs sharing their fears surrounding broken supply chains and higher prices for consumers, a source told The Hill.
The president’s recent tariff actions have strained his relationships with trading partners across the globe, including with allies like the European Union and Canada.
Following Trump’s unveiling of sweeping tariffs earlier this month, European Commission President Ursula von der Leyen told fellow Europeans that she knew “that many of you feel let down by our oldest ally.”
“Let’s be clear-eyed about the immense consequences. The global economy will massively suffer,” she said at the time of the steep American tariffs.
In the AP-NORC poll, 40 percent said they believe tariff policies from the president are going to cause the number of “jobs in the U.S.” to go up “a lot” or “somewhat.” Twenty percent said the policies are going to result in “no effect” on jobs and 38 percent said they think the policies are going to bring down the number of American jobs “somewhat” or “a lot.”
The AP-NORC poll took place from April 17 to 21, surveying 1,260 people with a margin of sampling error of plus or minus 3.9 percentage points.
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