Americans expect tariffs to push up prices, shrink revenues: Poll
Americans are expecting the Trump administration’s tariffs to result in higher prices and believe their overall cost will be greater than their revenue increases, according to a new poll.
Eighty-nine percent of U.S. adult respondents think the tariffs will increase prices, while 70 percent believe the tariffs will cost more than what they bring in, according to a survey published Monday by Gallup.
Fewer Republicans are predicting upward price movements as a result of the tariffs than Democrats, but people from both parties agree on the overall upward price pressures.
Eighty-two percent of Republicans and 92 percent of Democrats are predicting higher prices.
Republicans and Democrats are split on the revenue effects, with 77 percent of Republicans seeing long-term revenue gains........
© The Hill
