President Donald Trump’s tariffs have Americans increasingly pessimistic about the outlook for the economy, a new poll shows, as he moves to close trade deals and improve the situation with China amid fears the U.S. could slide into recession.
Trump won the 2024 election in part due to people’s frustration with inflation and his promise to lead the U.S. into a new age of growth. But the economic outlook has substantially worsened due to his trade policies, risking the wrath of voters.
About half of Americans are “extremely” or “very” concerned about the possibility of the U.S. economy going into a recession in the next few months, according to the latest AP-NORC poll.
Roughly half of U.S. adults say that Trump’s trade policies will increase prices “a lot” and another three in 10 think prices could go up “somewhat”.
About six in 10 U.S. adults are “extremely” or “very” concerned about the cost of groceries in the next few months, while about half are highly concerned about the cost of big purchases, such as a car, cellphone or appliance.
Researchers surveyed 1,260 U.S. adults between April 17-21, and the poll has a margin of error of plus or minus 3.9 percentage points.
Markets suffered sharp losses in the days after Trump’s unleashing of reciprocal tariffs across the world, seeing a painful economic fallout ahead as supply chains are disrupted and costs soar for businesses and consumers.
They then recovered somewhat when Trump paused his reciprocal rates on all but China to allow space for trade negotiations, but investors are still gripped by uncertainty and the ever-changing trade picture.
Trump also has since softened his tone on China, saying he could substantially cut tariffs after hiking them severely, and urged Beijing to make a fair deal with him to resolve the trade dispute.
Many Americans are not convinced Trump’s tariffs are the right approach. About six in 10 say Trump has “gone too far” when it comes to imposing new tariffs, according to the poll.
This is a developing article and more information will be added shortly.
This article uses reporting by The Associated Press.
U.S. President Donald Trump speaks to the media after signing executive orders in the Oval Office at the White House on April 23, 2025 in Washington, DC. U.S. President Donald Trump speaks to the media after signing executive orders in the Oval Office at the White House on April 23, 2025 in Washington, DC. Chip Somodevilla/Getty Images
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