In a WalletHub Fed Rate survey, 74 percent of Americans said Trump's proposed tariffs would likely lead to more inflation down the line.

Summary

A new WalletHub poll reveals that 74% of Americans believe Donald Trump’s proposed tariffs will worsen inflation, which remains a major concern for most households.

Trump’s plan includes significant tariffs—up to 60% on Chinese goods and 20% on other imports—to protect American jobs and address issues like fentanyl production and border security.

Experts warn these tariffs could increase consumer prices, with middle-income families potentially losing $2,500 annually.

Analysts caution Trump’s plans may face political hurdles in Congress despite his economic-focused campaign promises.

  • PugJesus@lemmy.worldEnglish
    23·
    17 hours ago

    As often as people beat that drum, it’s nothing but an excuse for most. They don’t have any actual thoughts or opinions on the economy. Just voting on vibes.

    • atzanteol@sh.itjust.worksEnglish
      2·
      10 hours ago

      I think it’s that and “the grass is greener” fallacy. “I’m upset with things now so I’ll vote for somebody different because it might be better.”

      • kent_eh@lemmy.caEnglish
        1·
        1 hour ago

        and “the grass is greener” fallacy. “I’m upset with things now so I’ll vote for somebody different because it might be better.”

        Canada is on our way toward falling into that same trap.

        It’s frustrating to see the right wing party so far ahead in the polls when they have nothing to offer except “We’re not that other guy”.