'Uh oh:' Data analyst says Trump is sticking with policy driving Americans' 'No. 1 worry'
President Donald Trump backed down on most of his so-called reciprocal tariffs, but CNN's Harry Enten said the policy remains toxically unpopular.
Stocks surged Wednesday after Trump announced on Truth Social that he was halting duties against dozens of U.S. trading partners, although he raised them against China to 125 percent, but the data analyst said polling showed Americans are deeply concerned about the economic policies coming out of the White House.
"All of a sudden you know it's like, 'Oh, you know, we're removing these tariffs and now everything's magically delicious' – uh-uh, not the case. I mean, look at this: Tariffs of 10 percent or more on trading partners, favor 39 percent, opposition way up there, 57 percent, and of course these tariffs are still in place. Just because you remove some of them didn't mean he removed all of them. You know, it was almost as if, well, I did a little something good, so everything's going to be okay. I don't think the American public is going to necessarily feel that way, because there is big opposition to one of the biggest tariffs that still remains in effect."
ALSO READ: 'Came as a surprise to me': Senators 'troubled' by one aspect of government funding bill
"One of the reasons why you see the opposition to tariffs like this is folks are afraid that prices are going to go up, right?" Enten added. "I guess the consumer index report was a pretty decent piece of news, but this is the No. 1 economic fear, right? When you ask it what's your No. 1 economic fear. No. 1 by far is the cost of goods, at 47 percent, right? We're still coming off those highs on inflation. No. 2, again, cost, it's housing costs. No. 3, then you finally get to the stock market ,17 [percent]. Now that's not too shabby, right, but it's nowhere near the 47 percent who say the cost of goods is the No. 1 economic worry. If prices go up, Donald Trump's approval rating will go down. I promise you that, because that is the No. 1 concern, and if these 10 percent across-the-board tariffs remain in place, I think most economists would agree that prices would in fact go up."
Watch below or click the link here.
- YouTube youtu.be