Impact of President Trump's Tariffs on the U.S. and Foreign Countries

SOURCE thehill.com
A majority of Americans believe the U.S. will feel the impact of President Trump's tariffs, with most respondents thinking that companies and people in the U.S. will bear the weight of the tariffs. Canadian Prime Minister criticized the tariffs targeted at Canada, and Trump granted a monthlong exemption on tariffs for cars from Canada and Mexico. The Economist/YouGov poll also showed that most people believe increasing tariffs will result in higher prices.

Key Points

  • Majority of Americans believe U.S. will feel the impact of President Trump's tariffs
  • Respondents think companies and people in the U.S. will bear the weight of the tariffs
  • Canadian Prime Minister criticized the tariffs aimed at Canada
  • Trump granted a monthlong exemption on tariffs for cars from Canada and Mexico
  • Most people believe increasing tariffs will result in higher prices