US Public Fears Trump Tariffs
Analysis based on 6 articles · First reported Apr 24, 2025 · Last updated Apr 24, 2025
The markets are impacted by the uncertainty and potential negative economic consequences of Donald Trump's tariff policies. Stocks are down, and interest charges on United States government bonds have climbed, making borrowing more costly for consumers and businesses.
Americans' trust in Donald Trump's economic policies is declining, with a new poll revealing widespread fear of a recession and rising prices due to his tariffs. Roughly half of United States adults are concerned about a recession and believe tariffs will significantly increase prices. While skepticism about tariffs is growing, public opinion on Donald Trump's overall trade approach remains mixed. Donald Trump's handling of the economy and trade negotiations is seen as a weakness three months into his second term. He has imposed billions of dollars in import taxes, initiating a trade war with China and affecting allies like Canada. Financial markets are reacting to his tariff pronouncements, and many Americans believe he has gone too far. Concerns about grocery prices and big purchases are high, and retirement savings are a major source of stress for many. Treasury Secretary Scott Bessent has also indicated that the situation with China is not sustainable.
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