Majority Americans Report Tariffs Raise Prices Amid Trade Uncertainty

President Donald Trump's imposition of tariffs on imports has sparked widespread concern among Americans and economists alike, with three-quarters of Americans expecting prices to rise in the short term and nearly half anticipating long-term cost increases. Polls indicate that majorities of both Democrats and Republicans believe the tariffs will lead to significant price hikes, with a growing number of Republicans acknowledging substantial impacts. Many Americans also support labeling consumer goods to reflect tariff-related cost increases, a move that drew Trump's ire when Amazon planned to implement such labels. Economically, the Federal Reserve has kept interest rates steady, citing the uncertainty and risks posed by the tariffs, including potential rises in inflation and unemployment. Despite ongoing diplomatic efforts to ease trade tensions, particularly with China, the administration has maintained high tariffs, prolonging economic uncertainty and market volatility. This scenario challenges the traditional global free-trade consensus and has led to divided opinions on whether the tariffs will ultimately benefit or harm the U.S. economy.