{"id":5177,"date":"2025-04-24T19:06:04","date_gmt":"2025-04-25T02:06:04","guid":{"rendered":"https:\/\/abovecloud.xyz\/?p=5177"},"modified":"2025-04-24T19:06:29","modified_gmt":"2025-04-25T02:06:29","slug":"half-of-americans-are-very-worried-the-u-s-is-headed-toward-a-recession-and-point-the-finger-to-trumps-tariffs","status":"publish","type":"post","link":"https:\/\/abovecloud.xyz\/?p=5177","title":{"rendered":"Half of Americans are very worried the U.S. is headed toward a recession\u2014and point the finger to Trump\u2019s tariffs"},"content":{"rendered":"\n

Americans\u2019 trust in President Donald Trump to bolster the U.S. economy appears to be faltering, with\u00a0a new poll<\/a>\u00a0showing that many people fear the country is being\u00a0steered into a recession<\/a>\u00a0and that the president\u2019s broad and haphazardly enforced tariffs will cause prices to rise.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n



Roughly half of U.S. adults say that Trump\u2019s trade policies will increase prices \u201ca lot\u201d and another 3 in 10 think prices could go up \u201csomewhat,\u201d according to the poll by\u00a0The Associated Press-NORC Center for Public Affairs Research<\/a>.<\/p>\n\n\n\n

About half of Americans are \u201cextremely\u201d or \u201cvery\u201d concerned about the possibility of the U.S. economy going into a recession in the next few months.

While skepticism about tariffs is increasing modestly, that doesn\u2019t mean the public is automatically rejecting Trump or his approach to trade. However, the wariness could cause problems for a president who promised voters he could quickly fix inflation<\/a>.<\/p>\n\n\n\n

Trump shows vulnerability on the economy<\/h4>\n\n\n\n

Three months into his second term, Trump\u2019s handling of the economy and tariffs is showing up as a potential weakness. About 4 in 10 Americans approve of the way the Republican president is handling the economy and trade negotiations. That\u2019s roughly in line with an AP-NORC poll conducted in March<\/a>.<\/p>\n\n\n\n

Matthew Wood, 41, said he\u2019s waiting to see how the tariffs play out, but he\u2019s feeling anxious.<\/p>\n\n\n\n

\u201cI\u2019m not a huge fan of it, especially considering China and going back and forth with adjustments on both ends,\u201d said Wood, who lives in West Liberty, Kentucky, and is unemployed. \u201cPersonally, it hasn\u2019t affected me as of yet. But, generally, I don\u2019t know how this is going to come to an end, especially with the big countries involved.\u201d<\/p>\n\n\n\n

Still, Wood said he changed his registration from Republican to independent, having been turned off by Trump\u2019s attitude and deference to billionaire adviser Elon Musk. Wood voted for Trump last year and said he\u2019s willing to give the president until the end of the year to deliver positive results on tariffs.<\/p>\n\n\n\n

About half of U.S. adults, 52%, are against imposing tariffs on all goods brought into the U.S. from other countries. That\u2019s up slightly from January<\/a>, when a poll found that 46% were against tariffs. Driving that small shift largely appears to be adults under age 30 who didn\u2019t previously have an opinion on tariffs.<\/p>\n\n\n\n

Trump supporter Janice Manis, 63, said her only criticism of Trump on tariffs is that he put in\u00a0a partial 90-day pause<\/a>\u00a0for trade negotiations with other countries.

\u201cActually, I think he shouldn\u2019t have suspended it,\u201d said Manis, a retired sheriff\u2019s deputy from Del Rio, Texas. \u201cBecause now China is trying to manipulate all of these other countries to go against us, whereas if he would have left all the tariffs in play then these countries would be hit hard. But, oh, well, things happen.\u201d<\/p>\n\n\n\n

Skepticism remains about Trump\u2019s tariff approach<\/h4>\n\n\n\n

Not quite 100 days into Trump\u2019s second term in the White House, people around the country are bracing for possible disruptions in how they spend, work and live. The U.S. economy remains solid for the moment with moderating inflation and a healthy 4.2% unemployment rate<\/a>, yet measures such as consumer confidence have dropped sharply.<\/p>\n\n\n\n

Trump has used executive actions to remold the global economy. He\u2019s imposed hundreds of billions of dollars a year in new import taxes \u2014 albeit partially suspending some of them \u2014 launching a full-scale trade war against China and pledging to wrap up deals with dozen of other countries that are temporarily facing tariffs of 10%. Financial markets are swinging with every twist and turn from Trump\u2019s tariff pronouncements.

Many Americans are not convinced this is the right approach. About 6 in 10 say Trump has \u201cgone too far\u201d when it comes to imposing new tariffs, according to the poll.<\/p>\n\n\n\n

Stocks are down this year, while interest charges on U.S. government bonds have climbed in ways that could make it more costly to repay mortgages, auto loans and student debt. CEOs are scrapping their earnings guidance for investors and seeking exemptions from Trump\u2019s tariffs, which hit allies such as Canada and even penguin-inhabited islands.<\/p>\n\n\n\n

Trump seemed to recognize the drag from tariffs as he highlighted this week the possibility of a deal with China. Treasury Secretary Scott Bessent had also said in a closed-door speech that the situation with China is not \u201csustainable.\u201d<\/a><\/p>\n\n\n\n

Widespread concern about rising grocery prices<\/h4>\n\n\n\n

About 6 in 10 U.S. adults are \u201cextremely\u201d or \u201cvery\u201d concerned about the cost of groceries in the next few months, while about half are highly concerned about the cost of big purchases, such as a car, cellphone or appliance. Less than half are highly concerned about their ability to purchase the goods they want \u2014 a sign of the economy\u2019s resilience so far.

Retirement savings are a source of anxiety \u2014 about 4 in 10 Americans say their retirement savings are a \u201cmajor source\u201d of stress in their lives. But fewer \u2014 only about 2 in 10 \u2014 identify the stock market as a major source of anxiety.<\/p>\n\n\n\n

\u201cThis whole tariff war is just a losing situation not only for the American people but everybody worldwide,\u201d said Nicole Jones, 32. \u201cIt\u2019s revenge \u2014 and everybody\u2019s losing on it.\u201d<\/p>\n\n\n\n

The Englewood, Florida, resident voted last year for then-Vice President Kamala Harris, who replaced the incumbent president, Joe Biden, as the Democratic nominee. Jones hadn\u2019t given much thought to tariffs until recently, and now, as an occupational therapy student, she also worries about losing her financial aid and facing high amounts of educational debt.<\/p>\n\n\n\n

\u201cThings are more expensive for us,\u201d she said.<\/p>\n\n\n\n

And most Americans still think the national economy is in a weak state.<\/p>\n\n\n\n

The difference is that Republicans \u2014 who largely thought the economy was in bad shape when Biden was president \u2014 now feel more optimistic. But Democrats have become much more bleak about the country\u2019s financial future.<\/p>\n\n\n\n

\u201cIt wasn\u2019t all sunshine and rainbows, but we were doing fine,\u201d Jones, a Democratic voter, said about the economy before Trump\u2019s policies went into effect.

Reprinted from Fortune<\/p>\n","protected":false},"excerpt":{"rendered":"

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