Trump remains firm on his controversial tariff policy despite voter opposition.
- An NBC News poll revealed that a majority of voters are less likely to back a candidate who advocates for universal tariffs.
- One of Donald Trump's key economic proposals is to impose tariffs on all imports from all countries, a move that has been criticized by economists.
- The "Trump sales tax" proposal has been criticized, and Vice President Kamala Harris has seized the opportunity to brand it as such.
A poll by NBC News released on Sunday shows that most voters are less likely to back a candidate who advocates for universal tariffs, which was a key economic proposal of former President Donald Trump's campaign.
A poll revealed that 44% of respondents would be less inclined to vote for a candidate who supports a 20% tariff on all imports, while 35% would be more likely to support such a proposal, and 19% said it would have no impact.
The survey, conducted from Oct. 4 to Oct. 8, involved 1,000 registered voters and has a margin of error of plus or minus 3.1 percentage points.
Although many voters do not support universal tariffs, Trump remains firm on his tough stance.
According to Trump, if the tariff is higher, the company will be more likely to come into the United States and build a factory in the United States to avoid paying the tariff.
The Republican presidential nominee stated that by making the tariff too high, horrible, and obnoxious, people will come immediately.
Trump has proposed imposing a 20% tariff on all goods from all countries, with a particularly high 60% rate on Chinese imports.
The former president presents this tariff strategy as a long-term plan to bring industries like manufacturing back to the US, create more domestic jobs, and generate revenue from other countries to fund his other proposals.
Economists argue that across-the-board tariffs are harmful because U.S. importers bear the brunt of import taxes, which are likely to be passed on to consumers. This could lead to inflation, as it has just begun to cool down.
The Trump tariffs have also faced heat from within the GOP.
"In late September, Republican Senate Minority Leader Mitch McConnell stated that he is against tariffs because they increase prices for American consumers."
Kamala Harris, Trump's Democratic rival, has seized the opportunity to criticize Trump's tariff proposal by labeling it the "Trump sales tax."
The Biden-Harris administration has adopted a hawkish stance on trade policy, particularly with China, and has retained some of Trump's first-term tariffs. In May, President Biden raised those tariffs on $18 billion of Chinese imports.
The administration claims that its targeted tariff approach differs from Trump's broad proposals.
In an MSNBC interview on Friday, Treasury Secretary Janet Yellen stated that we have implemented a limited set of tariffs in specific strategic sectors, which we have deliberately chosen to support in the United States.
"A group of economists recently weighed in and overwhelmingly thought that broad-based tariffs would harm economic growth."
Politics
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