Kyler Alvord
Updated on: October 12, 2024 6:39 pm GMT
As the presidential race heats up, a recent poll reveals that former President Donald Trump’s proposal to increase tariffs on imports, particularly from China, resonates with a significant portion of U.S. voters. The Reuters/Ipsos survey highlights a narrow majority who view Trump’s tariff plans favorably, which may influence the upcoming election against Vice President Kamala Harris.
Polling Insights on Tariffs
The Sept. 11-12 poll illustrates a critical economic issue in the current election cycle, showing that 56% of registered voters are more inclined to support a candidate proposing a 10% tariff on all imports and a 60% tariff on Chinese goods. In contrast, 41% of those surveyed expressed opposition to such trade measures.
- Support for Tariffs:
– 56% of voters support candidates backing new tariffs.
– 41% are less likely to support those candidates.
Moreover, the poll indicates that despite Harris holding a 5-percentage-point lead nationally, voters remain divided over key economic policies, which could play a decisive role in pivotal states.
Economic Perceptions Favor Trump
Karlyn Bowman, a polling expert at the American Enterprise Institute, asserts that Trump garners support primarily because of perceptions regarding the economy during his first term. Bowman notes that many voters believe economic issues result from unfair competition from other countries, especially China.
The poll finds that:
- Democratic Responses:
– One in three Democrats are more likely to vote for a candidate advocating higher tariffs.
– Two-thirds expressed they were less likely to support such candidates.
Independent voters echo similar sentiments, contributing to the complex landscape of voter preferences tied to economic strategies.
Trump vs. Harris: Economic Promises
Both candidates pledge to implement tax cuts, but their approaches differ significantly regarding tariffs and fiscal policies. Trump is advocating for comprehensive tax cuts, including proposals to eliminate income tax on tipped income and abolish taxes on overtime pay, with 70% of voters backing the idea of tax exemptions on tips.
The poll also reveals:
- Voter Confidence on Debt Reduction:
– 37% believe Trump would focus on reducing the national debt compared to 30% for Harris.
– 30% are uncertain about either candidate’s commitment to debt reduction.
However, independent economists warn that Trump’s tariffs could exacerbate the national debt, which currently stands at around $35 trillion. Prominent budget forecasters predict Trump’s tax policies could add over $3 trillion to federal deficits in the next decade, while Harris’s plans might reduce or add less than $2 trillion.
Economic Environments: Business and Inflation
Voters perceive Trump as more favorable for the business environment and managing inflation. According to polling data:
- Business Climate:
– 47% feel Trump is more likely to foster a positive business climate, while 37% lean towards Harris.
- Inflation Concerns:
– 43% of voters believe Trump would lower prices for everyday necessities like groceries and gas.
– 36% select Harris for that responsibility.
Amid rising inflation concerns that have affected American households, Trump’s previous presidency is being viewed more favorably regarding economic performance.
Conclusion
As the election gets closer, Trump is talking a lot about tariffs. This is important to some voters who remember how well the economy was doing when he was in charge before the pandemic. Although Harris is currently ahead in the race, many voters still care deeply about economic issues. Both candidates are trying to find ways to change taxes and make the economy better. Support for tariffs could become a big part of their plans and might really affect how people vote in key states. The economy will definitely be a major topic as we approach Election Day on November 5.
