Two-thirds of Americans think Trump tariffs will lead to higher prices, poll says
Two-thirds of Americans think Trump tariffs will lead to higher prices, poll says
Exclusive: Harris poll raises questions about the popularity of one of Trump’s key economic policy platforms
Summary
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.
Trump has championed tariffs as a key policy to boost domestic manufacturing, but economists and corporate leaders warn costs will be passed to consumers, potentially adding $2,600 annually to household expenses.
While Republicans are more supportive of tariffs, only 51% think they will benefit the economy.
The poll highlights widespread concern over tariffs’ economic impact, especially amid lingering inflation and financial uncertainty.
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The other 1/3 of people probably don't even know what a tariff is.
2/3 don't know. They've just heard enough negative press to agree.
I mean it's very simple. A tariff is what you pay the government to get stuff released from the port of entry.
You buy a $1000 DJI quadcopter that was manufactured in China, if Trump does his "60% on everything from China" tariff the US government says you have to pay them $600 or it goes back on the boat.
The complicated part of tarrifs is stuff like "are X-men action figures human or non-human toys" because those get different rates. Not what tariffs "are".
It's not hard, the country's just full of uninterested idiots.
The part they refuse to think about is the DJI is just going to raise the price to $1700 to cover. And the fact that there aren't going to be any local drone manufacturers for competition.
To cover what? DJI isn't paying anything extra.
If they raise the price to $1700, then the tariff would be $1020 to the US government, again by you, and you would pay $2720 total to get your thing, split between DJI and the port authority.
After they put it on the boat DJI doesn't care. They have their $1000. If they feel like it they can add the tariff charge and handle that for you, that's how it usually happens now, but they don't have to. You'll just get a letter from the port authority about the charges needed to release your item.
You're talking about direct to consumer from an overseas store, whereas I think the person you're replying to is talking about the pricing at a US store?
What's the difference?
Somebody has to pay the tax to get the items off the boat. Spoiler alert, everyone will pass the cost on to the final consumer.
I believe you're conflating tariffs and customs duty.
Why didn’t they hear this before the election?
They should have heard about it during his last presidency. They're too busy playing politics like it's sports.
shrug
Let it all burn. The worse it is, maybe they'll get a clue.