American Concerns Mount Over Trump's Erratic Economic Moves

A Reuters/Ipsos poll finds that many Americans, including Republicans, consider President Trump's economic tactics, particularly tariffs, erratic and unsettling. As the S&P 500 loses $3 trillion, critics cite rising costs and the risk of a recession, though Trump's supporters remain hopeful about long-term benefits.


Devdiscourse News Desk | Updated: 13-03-2025 04:05 IST | Created: 13-03-2025 04:05 IST
American Concerns Mount Over Trump's Erratic Economic Moves
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A recent Reuters/Ipsos poll reveals widespread concern among Americans over President Donald Trump's unpredictable economic maneuvers, highlighting dissatisfaction even among some Republicans. The imposition of tariffs on prominent trade partners, like Canada and Mexico, has led to volatile stock markets, with the S&P 500 losing more than $3 trillion in value.

As Trump's aggressive trade policies unsettle investors, his administration insists that short-term economic pain is a necessary step in revitalizing U.S. manufacturing. This turbulence comes as recession warnings loom, with J.P. Morgan estimating a 40% risk of economic downturn this year if additional tariffs are introduced, as planned in April.

Despite this economic volatility, a significant portion of Trump's support base remains optimistic, believing the president's approach will yield long-term benefits. However, criticism from both political opponents and ordinary citizens highlights rising inflation as the primary concern, urging Trump to focus on stabilizing costs rather than escalating trade tensions.

(With inputs from agencies.)

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