Two-thirds of Americans think Trump tariffs will lead to higher prices, poll says

So 1/3rd of Americans don't understand how economies work or what a tariff is.

If 2/3 of people seemingly understand the truth, how tf was he voted back in? Can they get rid of the outdated electoral college system yet?

GM's stock price is down 8% today.

I would like to take this opportunity to congratulate automotive union workers who voted for Trump.

It amazes me that Republicans can be supportive of what is a blatant tax grab by the federal government. Trump is basically saying "I'm going to add a federal sales tax on top of the majority of everything you buy to the tune of 25% or more. With China, a lot of that is manufactured consumer goods. But with Canada and Mexico, we're talking food products, automobiles, natural resources needed by American industries, etc.

The other 1/3 of people probably don't even know what a tariff is.

There are 258 million adults in the USA. Almost 77 million people voted for Trump. Which is about 30%.

I think we can all deduce which 1/3 of Americans are too fucking dumb to understand Trump's tariffs are a bad idea.

Alternate headline: 1/3 of Americans Functionally Didn't Receive High School Education

Maybe they should have bothered to vote? Crazy idea, I know.

So where were you on Nov 5th?

This may seem odd, but remember: greater than 2/3 of eligible voters did not vote for Trump.

I was told that Trump got elected because of the economy.

Headline should read "One third of Americans have no idea how a tariff works"

Way to shoot ourselves in the dick.

New cars coming from Canada or Mexico? 25% more expensive. American cars made final assembly in USA with tons of parts from Mexico/Canada will be $$ too. And about every piece of electronics 10% more expensive too.

Does Trump know that drugs like fentanyl is being made in USA? Does he thingk drug manufacturer/dealer all come from mexico/canada/china?

Maybe they should have voted appropriately on Nov 5.

It doesn't matter what they 'think'. Tariffs will fuck everything up for everyone involved. People's opinions on this mean nothing. It is like asking people if they think that being thrown into a deep body water with a heavy chain around around your feet will kill. The answer they give is irrelevant. That action will kill you because you will drown. End of discussion.

I love how people are debating this as if it's not a well understood concept. Can't wait till we get headlines like "1/4 of people belive a bullet to the head might possibly be fatal in some cases".

The other third are household pets.

I like how the headline says 2/3 of Americans "think" tariffs will lead to higher prices. The other 1/3 aren't thinking at all.

Tariffs are passed on straight to the consumer and the main outcome is that Americans will need to pay more. Demand for products from other countries isn't going to suddenly disappear. Some things can't be easily made in the USA, and sometimes the items made overseas are a higher quality product.

It's like rebates - they very rarely benefit the consumer. Having a 30% rebate for solar panels is fine, but it means the prices are at least 30% higher than they should be, which is obvious if you compare US prices to European and Australian prices for identical systems.

So, at least a 1/3rd of them voted for higher prices? I mean it's fine if that's what they wanted I guess.

I upgraded my GPU and bought a bunch of audio stuff that I was gonna wait to pull the trigger on til later. Not taking the chance of not being able to afford it later.

Lol.

We're such an unforgivably stupid society.

It doesn't matter what politicians we choose. It doesn't matter if the "pendulum swings back". We're stupid. Wherever the pendulum is, we're still stupid. So we're still going to trend downward, because that's the only direction a stupid society can go.

ITT 1/3 of Americans are fucking morons

A Harris poll reveals that 69% of Americans believe Donald Trump’s proposed tariffs would increase consumer costs, with many planning purchases ahead of his inauguration to avoid price hikes.

Galaxy brain economics.

Doesn't need much thought. When has a tariff or import tax ever not resulted in higher prices? How could it NOT??

Well, the other 31% will learn it the hard way.

Jesus, this is so fucking contrarian.

Yes, taxing goods imported from countries with poor labor laws increases their price.

Yes, we should increase the cost of goods that are made with unfair labor practices (or ban them entirely)

Yes, Trump is still a criminal even if he accidentally does the right thing every now and then

Would Canada also put tariffs on things made in US? Would things in Canada that are American companies but made overseas be affected?

Tariffs are a necessary tool, and can be positive in the long run to create revenue and lower trade deficits. They are a regressive tax, but there is some positive to making some imported goods more expensive in the US. It does discourage companies from importing everything. In moderation targeted tariffs can be good.

The debt is projected to be $50 trillion by 2034, so revenue does need to be increased somehow. Otherwise on the current track the US will be unable to service it's debt.

Ideally they should just tax billionaires, but politically this is a lot easier for them.

The problem with tariffs is moreso on what they're going to do with the revenue. The surplus will almost assuredly be used to give tax cuts to the rich, and the debt will likely be $50 trillion by 2028, not 2034.