Trump’s Tariff Threats Raise Concerns Among U.S. Consumers and International Allies

As President Donald Trump’s tariff threats continues to issue new almost daily, most recently reaffirming that postponed tariffs against Canada and Mexico will be enforced on March 4, Americans are becoming increasingly anxious. While Wall Street views these frequent threats—and the inevitable media coverage that follows—as a mere tactic in negotiations, a survey of everyday taxpayers reveals widespread concern about the consequences if Trump actually proceeds with his plans.

Public Anxiety Over Trump’s Tariffs

A Harris Poll for Bloomberg News found nearly 60% of U.S. adults believe Trump’s proposed tariffs will raise prices. About 44% think tariffs will damage the U.S. economy, while 31% feel they could help economic growth. Economists warn Trump’s unpredictable trade policies are already harming economic stability, particularly as inflation stabilizes after three years. Experts highlight the risks of escalating trade tensions, which could disrupt global markets and weaken domestic consumer confidence over time.

Republican Skepticism on Trade Policies

Even within the Republican Party, numerous leaders question Trump’s trade policies despite their usual loyalty to his often controversial directives. Only half of Republican poll respondents trust that tariffs, which could trigger retaliation from trading partners, will benefit the economy. Many conservatives fear economic instability resulting from escalating trade wars with major global players, especially China and the European Union. Internal party divisions highlight growing concerns about balancing protectionist measures with long-term economic growth and international alliances.

Rising Concerns About Price Increases

How do you think the additional tariffs will impact your household expenses? As U.S. consumers brace for the potential effects of the tariffs, many are worried about rising prices, with nearly 60% of Americans expressing concern over inflation caused by the new measures.

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Canada Responds to Trump’s Tariff Threats

Americans’ northern neighbors are also less than pleased with Trump’s tariff threats. Canadians are increasingly seeking alternatives to U.S. products, aiming to counteract American goods and industries. Trump’s continued tariff threats against Canada, along with his occasional suggestions of annexing the country, have strained relations and created an unprecedented rift.

Canadians Seeking Alternatives to U.S. Goods

Una encuesta reciente revela que el 85% de los canadienses planea reemplazar productos estadounidenses, marcando un cambio comercial significativo. Canadá tradicionalmente importa de EE. UU. casi tanto como toda la Unión Europea, alcanzando $349.4 mil millones en 2024, según datos oficiales. Esta tendencia podría afectar la economía estadounidense, que ha mantenido un período histórico de bajo desempleo pero enfrenta nuevos desafíos comerciales.