Half of Americans are very worried that the US is heading towards a recession, point your finger at Trump’s tariffs
Americans’ trust in President Donald Trump to strengthen the US economyNew pollsIt shows that many people are afraid of this country existsI challenged the economic downturnAnd the president’s wide and accidental tariffs that were enacted raise prices.
About half of US adults say Trump’s trade policy could raise prices “a lot” and three-tenths of thought could “a bit” rise.Associated Press-NORC Civil Service Research Center.
About half of Americans are “very” or “very” worried about the possibility that the US economy will fall into a recession in the coming months.
Tariff skepticism has risen conservatively, but that doesn’t mean that the public is automatically refusing to Trump or approach trade. But vigilance can cause problems for the presidentHe promised he could quickly fix inflation.
Trump shows his vulnerability to the economy
Three months after his second term, Trump’s economy and tariff handling is manifested as a potential weakness. About four in four Americans have approved the way Republican president handles economic and trade negotiations. It’s almost coincidentAP-NORC poll conducted in March.
Matthew Wood, 41, said he is waiting to see how the tariffs unfold, but he is unsure.
“I’m not a huge fan of it. I’ll adjust both ends and go back and forth, especially considering China,” said Wood, who lives in West Liberty, Kentucky and is unemployed. “Personally, it’s not affecting me yet. But in general, especially in the major powers involved, I don’t know how this will end.”
Still, Wood said he changed his registration to independent from Republicans as it was turned off due to Trump’s attitude and respect for billionaire adviser Elon Musk. Wood voted for Trump last year and said he was willing to bring positive tariff results to the president until the end of the year.
Approximately half of US adults, 52%, are opposed to imposing tariffs on all goods brought into the US from other countries. that’s rightIt will rise slightly from Januarywhen polls found that 46% were opposed to tariffs. Driving that small shift appears to be primarily adults under the age of 30, which previously had no opinion on customs duties.
Trump supporter Janice Manis, 63, said the only criticism of Trump about her tariffs was that he put it in.Partial 90-day suspensionFor trade negotiations with other countries.
“I don’t think he should have stopped that,” said Manis, a lieutenant for the retired sheriff in Del Rio, Texas. “Now, China is trying to manipulate all these other countries to oppose us, and if he left all the tariffs, these countries will be hit hard. But well, things will happen.”
Skepticism remains about Trump’s tariff approach
People across the country have the potential to confuse how they use, work and live, rather than the 100 days of Trump’s second term at the White House. The US economy eases inflation,Healthy 4.2% unemployment rateHowever, methods such as consumer trust have declined sharply.
Trump is using executive action to redeploy the global economy. He imposed a new import tax of hundreds of billions of dollars a year, despite partially suspending some of them, but has pledged to launch a full-scale trade war with China and close out transactions with dozens of other countries facing temporary 10% tariffs. Financial markets are bringing all the twists and changes from Trump’s tariff declaration.
Many Americans aren’t sure this is the right approach. About six in 10 people say Trump has “got too far” when it comes to imposing new tariffs, according to polls.
Although stocks have declined this year, interest on US government bonds has risen in a costly way to repay mortgages, car loans and student debt. The CEO is seeking Trump’s tariff exemptions from allies that have abolished revenue guidance for investors and hit allies such as Canada and the islands inhabited by Penguin.
Trump appeared to be aware of the drag from tariffs as he highlighted the possibility of dealing with China this week. Treasury Secretary Scott Bescent also said in his speech at the closing door.The situation in China is not “sustainable.”
Wide range of concerns about rising grocery prices
Around six in ten US adults are “very” or “very” concerned about the cost of food in the coming months, while about half are very concerned about the cost of large purchases of cars, mobile phones and appliances. Less than half are very concerned about their ability to buy the products they want. This is a sign of the economic resilience so far.
Retirement savings are a source of anxiety. About four in 10 Americans say retirement savings are the “major source” of life’s stress. However, fewer – only two tenths – identifying the stock market as the main source of anxiety.
“This whole tariff war is just a situation where it’s lost not only to Americans, but to everyone in the world,” Nicole Jones (it’s a revenge, and everyone is losing to it.”
A resident of Englewood, Florida, voted for then-President Kamala Harris, who replaced incumbent President Joe Biden as a Democratic candidate last year. Jones didn’t think much of the tariff until recently, but now as an occupational therapy student, she is worried about losing her financial aid and facing a massive amount of educational debt.
“Things are more expensive for us,” she said.
And most Americans still think that the national economy is in a weak state.
The difference is that Republicans who mostly thought the economy was in bad shape when Biden was president are now more optimistic. But Democrats are getting much darker about the country’s financial future.
“It wasn’t all sun and rainbow, but we were fine,” said Jones, a Democrat voter, of the economy before Trump’s policies came into effect.
This story was originally introduced Fortune.com