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Trump trade wins leave voters, businesses wanting more

4 9
friday

The Trump administration has struck trade pacts in recent months that seem to benefit the U.S. over its trading partners, giving President Trump ample opportunity to tout his dealmaking skills.

But Americans don’t appear to be giving him a pat on the back as the U.S. starts to feel the impact of tariffs already imposed.

Recent polls show the president’s job approval rating slipping to the lowest point of his second term and his tariff policy only satisfying about 36 percent of those surveyed, according to an Emerson College poll.

While consumer confidence is improving, there is anxiety among the public that Trump’s tariffs on goods will ultimately be passed down from company to consumer.

Consumer confidence increased from 95.2 to 97.2 in June, according to The Conference Board survey, and the expectations for consumer confidence in the future rated from 69.9 to 74.4. But the business group said consumers are still nervous about the end result of Trump’s trade battles, The Wall Street Journal reported.

Inflation also ticked up to a 2.6-percent annual increase in June from 2.3 percent in the Commerce Department’s personal consumption expenditures price index, exceeding expectations of economists for a 2.5 percent increase.

Businesses are bracing for what the threats mean and what the deals entail,........

© The Hill