(The Center Square) – Increasing trade policy activity by the United States and other countries has left 8 in 10 Americans with rising concerns on the cost of things they buy, a poll originating out of North Carolina says.
“Much higher” prices are expected by 43% of respondents when asked “How much do you think the new tariffs imposed by the United States will affect the cost of things you buy?” Another 37% said they expect “somewhat higher” prices, according to a segment of the Elon University Poll released Tuesday morning.
Those results are in line with a poll released last week from The Associated Press-NORC Center for Public Affairs Research. About half expect prices to go up a lot and another 30% say somewhat higher. Most poll results released in the last week indicate some kind of question related to inflation, higher prices and trade policy, and answers reflect growing concern.
Elon University said 1,149 adults age 18 and older were interviewed April 10-17 and matched down to the 1,000 sample. Margin of error is +/- 3.58%. The university funds and operates the poll “as the neutral, nonbiased information resource.”
The demographics split was balanced for those expecting trade policy to cause “much higher” consumer prices. That includes income levels of less than $50,000 (44%), $50,000 to $100,000 (40%) and $100,000 or more (44%); Blacks (55%) and white or non-Hispanics (38%); women (49%) and men (37%); age 45 and up (44%) and ages 18-44 (42%); and those with a four-year degree (45%) and those without (42%).
Party allegiance was different for the “much higher” answer. Democrats (75%) were more represented than independents (42%) or Republicans (14%). Of those saying “somewhat higher,” 51% were Republicans, 38% independents and 21% Democrats.
Asked about summer vacation plans due to the economy, 47% anticipate little or no change and 33% plan to spend less and stay closer to home.
