72 percent think Trump tariffs will hurt economy in short term: Survey

A large majority of Americans think that President Trump’s sweeping tariffs will end up hurting the U.S. economy in the short-term, according to a new survey that was released on Wednesday. 

The Quinnipiac University poll found that 72 percent of Americans think that Trump’s tariff agenda will hurt the economy in the short term, while just over half of Americans, 53 percent, said the new duties will also hamper the economy in the long term. 

The survey was conducted prior to Trump’s decision on Wednesday to increase tariffs on China to 125 percent and institute a 90-day halt on reciprocal tariffs versus all other trading partners. 

"A large majority of voters acknowledge the tariffs are delivering a bruising body blow to the economy in the near term. Will time reduce the pain? Some think it will, but a majority don't envision that happening,” Quinnipiac University Polling Analyst Tim Malloy said. 

Nearly all Democrats, 97 percent, and a large majority of independents, 77 percent, think that tariffs will deal a short-term blow to the nation’s economy. Some 44 percent of GOP voters agreed, the poll found. 

Almost half of Republicans, 46 percent, thought tariffs will aid the economy in the short term, a sentiment shared by 19 percent of independents and just two percent of Democrats.

Just over half of overall respondents, 53 percent, said the tariffs will end up hurting the U.S. economy in the long term, while 41 percent think the new duties will ultimately help the economy. 

When asked about four economic issues they worry the most about, 47 percent said the prices of food and consumer goods. Some 20 percent mentioned the cost of rent or housing, 17 percent said the stock market, while six percent noted their job situation, the poll found. 

Trump’s overall approval rating has remained steady since the last iteration of the poll, with around 41 percent approving and 53 percent disapproving of the president’s handling of the job. 

The poll was conducted from April 3-7 among 1,407 self-identified registered voters. The margin of error was 2.6 percentage points.