The Blubber

A new Reuters/Ipsos poll shows that most Americans are expecting higher prices on everyday goods following President Donald Trump’s decision to implement sweeping new tariffs on imports from much of the world.

The three-day survey, which concluded on Sunday, found that 73% of respondents believe prices will rise over the next six months as a result of the new tariffs on nearly all imported goods. Just 4% said they expect prices to fall, while the remainder either foresaw no change or did not respond.

Trump’s announcement of the largest U.S. tariff hikes in decades rattled Wall Street, with many economists warning the move could drive up inflation and possibly lead to a global recession.

According to the poll, 57% of Americans — including about 25% of Republicans — said they opposed the new tariffs, which include a minimum 10% duty on goods from nearly every country. Meanwhile, 39% voiced support for the measures, and 52% agreed with the administration’s argument that the U.S. has been exploited in global trade.

Trump has often cited that belief in justifying protectionist trade policies, arguing they will spur a resurgence in American manufacturing. However, 44% of those surveyed said they disagreed with that claim.

The poll also found a clear partisan divide over the tariffs: roughly half of respondents — including most Republicans — said they agreed that “any short-term economic pain is worth it to make the U.S. stronger in the long term.” The other half — including most Democrats — disagreed.

The nationwide online poll surveyed 1,027 adults and has a margin of error of about 3 percentage points.