Trump’s Response to 2 Out Of 3 Americans Who Think He’s Not Doing Enough on Costs? Another Tax.
February 10, 2025
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New polling shows that 66% of Americans think Donald Trump is failing to live up to his campaign promises to lower prices and that his focus on bringing down costs is “not enough.”
CBS News Poll: “But one key issue looms: most Americans say the administration isn’t focused enough on lowering prices. …
“Trump’s focus on lowering prices is…
“66% Not Enough”
Trump’s response to two out of three Americans looking for action on prices? Yet another tax to hit working families with higher costs.
Jeff Mason: “.@realDonaldTrump tells reporters on AF1 he will announce 25 percent tariffs on all steel and aluminum on Monday.”
NBC: “Trump has often framed tariffs as fees other countries pay. However, tariffs are paid by importers, the U.S. companies that import goods from abroad. The companies then often pass along the higher costs to consumers by hiking prices.”
REMINDER: Trump’s White House already promised tariffs that would cost Americans an extra $1,000 a year and raise costs drastically on energy, cars, and groceries.
Ernie Tedeschi, The Budget Lab: “A broad 25% tariff on all goods imports from Canada and Mexico would, before substitution & other 2nd stage effects, put upward pressure on the level of consumer prices of +0.6%. That’s the equivalent of an average loss in after-tax income of about $980 per household in 2023.”
Wall Street Journal: “A 25% Trump tariff on Canadian oil and gas could lead to lower production, in turn pushing up U.S. energy prices, warned an industry group. Canada, the world’s fourth-largest oil producer, sends almost all of its exports to the U.S. The prospect of tariffs has alarmed Canadian oil companies.”
Navigator: “More than three in five say new tariffs would increase the costs of things that they buy. A greater share also say new tariffs will hurt U.S. consumers more than foreign countries.”
And Trump’s failed economic record includes offshoring jobs and shuttering factories – while his billionaire pick for Commerce Secretary screwed over American workers by helping companies ship manufacturing jobs to Mexico.
Washington Post: “On the campaign trail with Donald Trump, Howard Lutnick railed against policies that encouraged factories and jobs to move to Mexico. But at the same time, the president’s eventual nominee for commerce secretary runs a commercial real estate firm that has been pitching the virtues of Mexican manufacturing to American companies. …
“He is executive chairman of Newmark Group, a publicly traded commercial real estate firm, which has touted multiple industrial sites for sale and rent in Mexico, sometimes pitching them as a way for companies to avoid Chinese tariffs and tap into cheap labor.”
Bloomberg: “The Offshoring of U.S. Jobs Increased on Trump’s Watch”
Washington Post: “Trump promised ‘America First’ would keep jobs here. But the tax plan might push them overseas.”
Bureau of Labor Statistics: “When Trump left office, there were over 170,000 fewer manufacturing jobs than when he started.”
CNN: “Trump told GM workers he could save their plant, but it’s gone for good”
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