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.
GM’s stock price is down 8% today.
I would like to take this opportunity to congratulate automotive union workers who voted for Trump.
It’s not like the actual workers see any of the money when the stock price goes up…
Yeah, but they are the ones let go when the stock tumbles.
There are 258 million adults in the USA. Almost 77 million people voted for Trump. Which is about 30%.
I think we can all deduce which 1/3 of Americans are too fucking dumb to understand Trump’s tariffs are a bad idea.
What about the rest who were too dumb to vote at all and got Trump as a free gift?
I’m guessing a third are too fucking stupid to know what a third is
But 1/4 has to be bigger since 4 is more than 3!
I’m guessing you already know this… but that is literally the reason why A&W’s 1/3lb burger (launched to compete with McDonalds’ 1/4 pounder) failed lol
They should have called it the 2/6th as 2>1 and 6>4!
I’m still amazed the party that preaches tax cuts, are vocally adding taxes, and they still got votes.
So where were you on Nov 5th?
Russia, lol. I’m not representing anything there tho.
I like how the headline says 2/3 of Americans “think” tariffs will lead to higher prices. The other 1/3 aren’t thinking at all.
Tariffs are passed on straight to the consumer. Demand for products from other countries isn’t going to suddenly disappear. Some things can’t be easily made in the USA, and sometimes the items made overseas are a higher quality product.
It’s like rebates - they very rarely benefit the consumer. Having a 30% rebate for solar panels is fine, but it means the prices are at least 30% higher than they should be, which is obvious if you compare US prices to European and Australian prices for identical systems.
The illegal tarrifs on Canadian softwood lumber raised the price of a single family home in the US by more than $10,000 while Canadian lumber companies enjoyed record profits because demand remained high. The tarrifs are intended to allow less cost effective American companies to charge more by making more cost effective foreign products more expensive. It’s about raising prices.
Trump voters voted to pay more to make rich people richer.
It amazes me that Republicans can be supportive of what is a blatant tax grab by the federal government. Trump is basically saying "I’m going to add a federal sales tax on top of the majority of everything you buy to the tune of 25% or more. With China, a lot of that is manufactured consumer goods. But with Canada and Mexico, we’re talking food products, automobiles, natural resources needed by American industries, etc.
Somehow he’ll still have a deficit.
The plan is to have a disturbing deficit, and interest payments are getting really big now.
This is like climate change, it’s not apparently hurting anyone tomorrow so… no one cares anymore.
Pro Tip: If you have any large purchases to make in your life, now is the time.
Also, probably buy a gun because there’s about to be a lot more desperate people out there.
Lol.
We’re such an unforgivably stupid society.
It doesn’t matter what politicians we choose. It doesn’t matter if the “pendulum swings back”. We’re stupid. Wherever the pendulum is, we’re still stupid. So we’re still going to trend downward, because that’s the only direction a stupid society can go.
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.
Would Canada also put tariffs on things made in US? Would things in Canada that are American companies but made overseas be affected?
Hopefully we start doing like last time and put tariffs on discussion things to hurt Republican States only.
Doesn’t need much thought. When has a tariff or import tax ever not resulted in higher prices? How could it NOT??
Way to shoot ourselves in the dick.
Not just yourselves… it will probably send Canada and Mexico into a recession as well.
How would that happen? Aren’t most things sold in Canada NOT from US and probably from China?
Idk about food tho
The Canadian economy is tied at the hip to the US. A lot of our agri is US produced and while most consumer end products are Chinese a lot of Canadian manufacturing uses US intermediary products. Our resource export market is also US focused right now especially for hard wood, dairy, maple syrup, and oil/natural gas.
I don’t think we actually have the facilities to handle Alberta’s production through the Atlantic provinces or BC.
Right so some industries that sell to the US would see slowdowns but the things we buy from US won’t be affected by tariffs unless Canada retaliates. Right?
My question was more about our cost of goods, our economy overall is not doing well and tariffs are not the only reason.
Imo this has been brewing ever since our country somehow decided house price growth means economic growth.
Yeah. It will probably suck for Canada too, but hopefully our government does the right thing and strengthens our ties with other markets in Europe, South America, and Asia. Really sucks how the past few years the Canadian government has torpedoed a lot of good international relations that would be really beneficial to have going into the Trump administration.
Canada’s move to expand our trade agreements began back in 2003 with the BSE (bovine spongiform encephalopathy) crisis when our cattle exports to the USA (and other nations) were shut down.
But you’re right that we haven’t worked hard enough on further expansions.
As per some other thread I hope we seriously consider trying to join the EU (or at least the EEZ/Shegen area)
Do you think the EU would let the USA in? Even Australia isn’t part of the EU even though they compete in the Eurovision song contest.
No way the USA would try to join the EU any time soon. Canada might though. Don’t know if they’d be allowed in.
I think the EU would refuse if only because it’d be extremely likely that the US would brexit themselves as soon as the government flipped.
So 1/3rd of Americans don’t understand how economies work or what a tariff is.
Gotta be the same 30-40% that vote trump no matter what he does.
And 20% do, but voted for him anyway…
That assumes that everyone who answered this poll bothered to vote
But you see, the leopards won’t eat their faces!
Tariffs were barely talked about until the day after the election for some reason. So a lot of people learned after the election…
Tariffs were talked about constantly before the election. A lot if people weren’t listening.
But muh eggz
US has lead pipes, piss poor education standards with not enough funding, environmental pollution, bought out media that perpetuates toxic culture
Wut that has to do with anything there saying??!! *cough and wheeze*
The Democrats want to take your guns!
And the other .001% is former president McKinley who Trump assumes is still alive.
They just go with whatever Trump says.
Maybe they should have bothered to vote? Crazy idea, I know.
If 2/3 of people seemingly understand the truth, how tf was he voted back in? Can they get rid of the outdated electoral college system yet?
Most voters are dumber than dogshit. Can’t blame the EC for this one. Blame the fucking dumbass voters.
Electoral college was irrelevant this election. Trump won the popular vote because people don’t think voting is important. Kamala Harris was a shit candidate, but Democratic voters weren’t given a primary to pick a better one.
While the Electoral College did not directly factor into this election it could have indirectly factored in due to minority voters in solidly controlled states simply deciding not to vote due to their votes having no impact on the outcome. If for instance you were a Democrat in a state that Republicans have won by double digit percentages for the last couple decades you might rightly assume that whether you vote or not the outcome remains unchanged.
If we had a straight popular vote rather than the EC then literally every vote would count, unlike the current system where that’s only true in battleground states. In this case the EC is just another in a long list of voter suppression tools.
Mandatory voting?
Make not voting cause you to be chosen first for jury duty.
Personally, I’ve never minded jury duty, but people seem to lose their minds over it.
I don’t want to potentially be judged by people who can’t even be fucked to vote, thank you very much.
Do you want to be judged by someone who isn’t smart enough to get out of jury duty?
I never understood the hatred over jury duty. Except for people who work minimum wage or don’t get paid jury duty.
Jury duty is the most direct way a normal citizen can affect democracy.
I vote in every primary and every election and have never been selected for jury duty.
Which implies I have no peers.
I’d agree, except do we really want to emphasize the least engaged citizens for jury duty? That’s still someone’s freedom on the line, and while for some select few people finding a chance to vote is extremely difficult due to registration fuckery in Republican states, with the rise of early voting and vote by mail, the primary demographic of non-voting adults is people who are apathetic or intentionally ignorant to the political process. My fear is: “This is a waste of my time, and 30 days isn’t that long; just send them to jail.” And there won’t be anyone who cares strongly enough to object because the jury is packed with these apathetic citizens. To clarify, I see this as more of a problem with small-fry misdemeanor or less serious felony cases, not like murder or rape trials. But that’s most trials.
You could argue that politically engaged Republicans can be much, much worse on a jury, that this could help them develop a sense of engagement with politics, and that they might care if they can see their choice directly affecting someone else, but it seems sketchy.
When we don’t get paid because we miss work and are dependent on that money, it can be annoying. In theory, I think it would be cool to be on a jury, but its a luxury to be able to afford to be on a jury.
I guess it depends on where you are. In my city, you get 150% of minimum wage/hour of jury duty, so $18 an hour. Though of course if you make more than that and are paid hourly, it’s a definite loss.
My state pays $20/day. The last time I was summoned, the estimated cost of the commute using the IRS average is $35 (granted, that’s a high estimate) and not reimbursed or compensated. Also the $20 is taxed. So it effectively cost me money to go to jury duty in my old county even before accounting for lost wages.
It depends on what the trial is. I was chosen, but I got out of it, for a murder trial. It was gang related. The lawyer, not even the defendant, is serving a life sentence at ADX Florence now. No lie
While I too want more people to participate, I think we should also recognize that choosing not to vote is protected speech. That’s probably not why people don’t vote, so we should probably find other ways to encourage voting (holiday, more access to polls, etc.) Unfortunately, some repulsive people prefer it when fewer people vote.
For protected speech, I’d prefer if people would go in, take a ballot, and submit it blank. Essentially, making a statement that there is no one on the ballot who would represent them. It would be more meaningful than not going to the polling place at all. It sends a more significant message than just staying home.
I do agree that we need to make it easier, not harder, to vote.
Automatic registration, election day holiday, laws forcing employers to facilitate voting by their employees.
The new suppressed it, or the democrats restricted who could run, or anything else, but stop telling me the primary I voted in didn’t happen.
It did happen, it was just irrelevant. No serious competition was allowed (Sorry, Dean Phillips).
This is fair. It was a bad primary
Was Kamala on your ballot? If the results of an election are ignored, was it really an election?
I’m not going to say that people were so stupid that they didn’t realize a vote for Biden was really a vote for Kamala.
Less than a third of eligible voters voted for him, so it tracks. Close to half the country not voting suggests they understand tariffs, but either just fine paying 20% extra for everything or don’t believe he’ll actually do the things he’s been most vocal about doing.
The guy didn’t even get the majority of the votes.
I was told that Trump got elected because of the economy.
“bUsInEsS mAn GoOd!!!”
Man, if only they could read they’d know how not good at business he is.
These dipshits only know what Trump’s name looks like. That’s how they find him on a ballot and fill in the box.
By people who don’t understand the economy.
Or bother asking or listening to an economist.
Or who even pay attention to actual news
But eggs expensive
Tariffs are a necessary tool, and can be positive in the long run to create revenue and lower trade deficits. They are a regressive tax, but there is some positive to making some imported goods more expensive in the US. It does discourage companies from importing everything. In moderation targeted tariffs can be good.
The debt is projected to be $50 trillion by 2034, so revenue does need to be increased somehow. Otherwise on the current track the US will be unable to service it’s debt.
Ideally they should just tax billionaires, but politically this is a lot easier for them.
The problem with tariffs is moreso on what they’re going to do with the revenue. The surplus will almost assuredly be used to give tax cuts to the rich, and the debt will likely be $50 trillion by 2028, not 2034.
Otherwise on the current track the US will be unable to service it’s debt.
Not as long as virtually all commodities trade in USD and USD remains the world’s reserve currency. I do get your broader point about any “revenue” raised by tariffs.
