Summary
A new WalletHub poll reveals that 74% of Americans believe Donald Trump’s proposed tariffs will worsen inflation, which remains a major concern for most households.
Trump’s plan includes significant tariffs—up to 60% on Chinese goods and 20% on other imports—to protect American jobs and address issues like fentanyl production and border security.
Experts warn these tariffs could increase consumer prices, with middle-income families potentially losing $2,500 annually.
Analysts caution Trump’s plans may face political hurdles in Congress despite his economic-focused campaign promises.
I wonder if a follow up question is in order. Like do they also expect to make even more money than prices will go up.
That’s the only vaguely plausible answer I can think of. Say hypothetically they think prices will go up 20%, but they somehow think they will be getting 40% more so it’s fine and the price increase only serves to further dissuade immigrants or something.
If they actually think the retail price of stuff basically doubling won’t cause people to buy a lot less, they’re nuts.