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.

  • Treczoks@lemmy.world
    172·
    2 days ago

    Let him do this tariff thing. Maybe people will finally learn how “good” he and his party is with money when the US economy is completely ruined.

    • ExtremeDullard@lemmy.sdf.org
      10·
      2 days ago

      I understand the appeal of “teaching them a lesson”, purely for spiteful reasons. But there are problems with that approach:

      • You can teach a child never to put his hand on the burner by putting his hand on the burner. He’ll learn alright, but he’ll also have a nasty burn. Similarly, you don’t want people to learn the dangers of populism and extreme right by letting the extreme-right populist do stupid shit and wreck their lives.

      • We who didn’t vote for the dangerous populist live in the same country as those who did: even if we wanted to let the dangerous populist hurt them to teach them a lesson, he’ll hurt us too in the process.

      • History always repeat itself: even if everybody learns a hard lesson after Trump is done wrecking the economy - or worse - our children, or our children’s children will invariably elect another Trump some day. So we might as well do our best to limit the damage each time.

      • Auli@lemmy.caEnglish
        1·
        1 day ago

        Your second point only applies to people who voted against him. If you didn’t vote you voted for him.

      • TheObviousSolution@lemm.ee
        3·
        2 days ago

        I mean, people are still fueling the flames now for not voting Democrat because AOC is being shafted by the establishment, ignoring the bigger picture. When the GQP proves to be far, far worse, they will still be spouting something akin that both sides are the same. Part of it has to do because propaganda campaigns plays both sides and this is the way the side that could vote Democrat is played nowadays.