Trump tariff plans bring concern about prices, financial impact, but GOP base sees jobs long-term — CBS News poll

Assessing President Trump’s Trade and Tariff Policy

Amid a turbulent week in the financial markets, the future of President Trump’s trade and tariff policies is a topic of much debate. The opinions on whether Trump has a clear strategy and the potential impact of tariffs vary among Americans, with a significant divide along party lines.

While some believe that Trump is using tariffs as a negotiating tool and will eventually remove them, others are concerned about the immediate and long-term effects on prices and the economy. The majority of Americans anticipate price increases due to new tariffs, leading to a sense of financial insecurity and pessimism about the economy.

Public Perception on Tariffs

A majority of Americans believe that Trump’s trade policies will have a negative impact on the economy, with a particular focus on inflation. Trump’s approval ratings for handling inflation and the economy have declined as a result of these concerns.

Impact on Manufacturing Jobs

Opinions are divided on how tariffs will affect U.S. manufacturing jobs, with Republicans more optimistic about job creation. However, the general consensus is that tariffs will benefit the wealthy and corporations, while the middle and working class may also see some advantages.

Trump’s Approach to Trade Policies

While many Americans support Trump’s goals with tariff and trade policy, there is less enthusiasm for his approach. Partisan divides are evident in the level of support for new tariffs, as well as in perceptions of Trump’s overall plan and intentions.

Job Handling and Economic Impact

Public opinion on Trump’s handling of the economy has shifted, with more people expressing concerns about the negative impact of his policies. Independents, in particular, are less approving of Trump’s economic performance, leading to a decline in his overall approval ratings.

Partisan Differences on Trade

Republicans tend to trust Trump’s information on tariffs and trade policies more than other sources, viewing tariffs as a matter of fairness and patriotism. Democrats and independents are more skeptical of tariffs and call for greater congressional involvement in decision-making.

Overall Assessment

As the public grapples with the implications of Trump’s trade and tariff policies, it is clear that these decisions have a significant impact on the economy. Trump’s supporters see his policies as essential for the current state of the economy, while critics express concerns about the negative consequences.

Ultimately, the ongoing debate over trade and tariffs reflects the broader divisions in American society, with stark differences in opinion based on political affiliation and economic outlook.

This analysis is based on a CBS News/YouGov survey conducted with a nationally representative sample of 2,410 U.S. adults between April 8-11, 2025. The margin of error is ±2.4 points.