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- cross-posted to:
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Summary
A Harris poll reveals that 69% of Americans believe Donald Trump’s proposed tariffs would increase consumer costs, with many planning purchases ahead of his inauguration to avoid price hikes.
Trump has championed tariffs as a key policy to boost domestic manufacturing, but economists and corporate leaders warn costs will be passed to consumers, potentially adding $2,600 annually to household expenses.
While Republicans are more supportive of tariffs, only 51% think they will benefit the economy.
The poll highlights widespread concern over tariffs’ economic impact, especially amid lingering inflation and financial uncertainty.
GM’s stock price is down 8% today.
I would like to take this opportunity to congratulate automotive union workers who voted for Trump.
It’s not like the actual workers see any of the money when the stock price goes up…
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Yeah, but they are the ones let go when the stock tumbles.
Sounds like a pretty dumb system if the people who actually make the product are only exposed to downside but don’t benefit from the upside. We should probably tear that whole system down.