Americans were souring on Trump’s economic plans even before tariff bloodbath

Americans were souring on Trump’s economic plans even before tariff bloodbath

The Wall Street Journal reports:

Americans elected Donald Trump with a favorable opinion of his economic plans. But his expansive push for tariffs has helped turn that confidence into skepticism, a new Wall Street Journal poll finds.

Tepid support for tariffs through the past year has become disapproval, with 54% of voters opposing Trump’s levies on imported goods, 12 points more than those who support his plans. Three quarters of voters say that tariffs will raise prices on the things they buy, up from 68% who said so in January.

The Journal survey was conducted from March 27 through April 1, when Trump had imposed new tariffs on China and certain goods from Canada, Mexico and elsewhere, but before his announcement Wednesday of a sweeping program of levies on nearly all U.S. trading partners. That announcement shocked America’s trading partners and on Thursday prompted the biggest selloff of U.S. stocks since the early days of the Covid pandemic in 2020. The selloff deepened Friday.

The poll suggests that a president who promised that “tariffs are about making America rich again” is facing unease with his economic leadership, especially over rising prices, the issue that bedeviled Democrats in last year’s election. By 15 percentage points, more voters hold a negative view of Trump’s handling of inflation than a positive one. Negative views of his economic stewardship outweigh positive views by 8 points. [Continue reading…]

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