The Reuters\/Ipsos poll, released Friday, found that 68 percent of Americans do not believe the US economy is \u201cbooming.\u201d Only 30 percent of respondents expressed confidence in the country\u2019s current economic situation, The Hill reported.<\/p>\n
Additionally, an overwhelming 82 percent of poll respondents disagreed with the statement that \u201cthere is hardly any inflation in the US\u201d A mere 16 percent of people agreed with this sentiment, according to the survey.<\/p>\n
The results follow a trend in recent polling around Trump\u2019s economic policies.<\/p>\n
A Washington Post\/ABC News\/Ipsos poll released on Sunday found that 57 percent of respondents disapproved of how the president has handled the economy, and 65 percent said they disapproved of his inflation management tactics. Additionally, 64 percent of respondents said they did not approve of Trump\u2019s tariff agenda, according to that poll<\/p>\n
The president imposed steep import taxes on nearly all foreign trading partners earlier this year to pressure the nations into new trade deals that favor the US Despite his promises that the costs would be covered by other countries, the Kiel Institute for the World Economy found that American consumers and importers are bearing 96 percent of these costs in a January report.<\/p>\n
Additionally, the nonpartisan Tax Foundation estimated this month that Trump\u2019s tariffs cost the average US household $1,000 in tax increases in 2025. The foundation said this could increase by several hundred dollars this year if these policies remain intact.<\/p>\n
The president has stuck by his tariffs amid pushback and following a recent ruling from the Supreme Court \u2014 which struck down the bulk of Trump\u2018s levies earlier this month, citing his \u201cillegal\u201d reliance on the 1977 International Emergency Economic Powers Act.<\/p>\n
Trump responded to the court\u2019s decision by imposing a 10 percent tariff on goods imported to the US from countries across the globe under a Trade Act provision. A day later, he signaled these tariffs would be raised to 15 percent \u2014 though it is unclear whether that will happen.<\/p>\n
The Reuters\/Ipsos poll surveyed 4,638 US adults nationwide from Feb. 18-23 and has a margin of error of approximately 2 percentage points.<\/p>\n","protected":false},"excerpt":{"rendered":"The Reuters\/Ipsos poll, released Friday, found that 68 percent of Americans do not believe the US economy is…\n","protected":false},"author":2,"featured_media":307179,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-307178","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/307178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=307178"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/307178\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/307179"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=307178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=307178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=307178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}