by Susanne Barton
Most Americans say they expect President Donald Trump’s tariffs will increase prices in the short term and worsen the US economy, though misgivings focus more on his approach than his goals, such as boosting domestic manufacturing, according to a CBS News poll.
Those who say Trump’s policies are making them financially worse off increased to 49% in the April 8-11 poll, compared with 42% in a similar survey in March. While 42% said they expect the new tariffs to worsen the US economy in the long term, 34% said they’ll be a plus.
The latest poll — which includes a week of turmoil in financial markets and Trump’s 90-day suspension of “reciprocal” tariffs for dozens of countries — showed that 75% expect the new duties will boost prices in the short term and 48% saying they expect a long-term effect as well. Economists are forecasting slower growth and some have warned of an elevated recession risk.
Approval of Trump’s handling of inflation sank to 40% from 46% in a poll published March 2, according to CBS. Most respondents said Trump is using the tariffs for negotiations and is likely to remove them later.
The poll of 2,410 people has a margin of error of plus or minus 2.4 percentage points.
Copyright Bloomberg News
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