3 in 4 Americans think Trump’s trade policies will increase prices: ‘This whole tariff war is just a losing situation’

Quick Summary:

About half of Americans are "extremely” or "very” concerned about the possibility of the U.S.economy going into a recession in the next few months, according to an AP-NORC poll.

Treasury Secretary Scott Bessent had also said in a closed-door speech that the situation with China is not “sustainable.About 6 in 10 U.S.adults are “extremely” or “very” 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.

Trump seemed to recognize the drag from tariffs as he highlighted this week the possibility of a deal with China.

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Article Details

Author / Journalist: Josh Boak, Amelia Thomson-Deveaux, The Associated Press

Category: EconomyBusiness

Markets: United StatesChina

Topics: Tariffs Inflation Donald Trump Tariffs and trade Imports Consumer Prices

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 12:02:56 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 991 words

Reading Time: 6 minutes read

Sentences: 4 lines

Sentence Length: 248 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28190044

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