Four in 10 Americans say that they’re buying less thanks to President Donald Trump’s tariffs, according to a new poll from CBS.
Support for the tariffs has fallen steadily since June, when 41 percent of those surveyed opposed them. In July, that number fell to 40 percent and in August, 38 percent. Over half of all Americans oppose the tariffs.
Republicans make up the bulk of those who still favor the tariffs, according to CBS. They also are more likely to say higher prices are OK, actually, when Trump is responsible: 70 percent of Republicans believe Americans should be willing to pay more to support Trump’s trade policies, opposed to a mere 6 percent of Democrats and 29 percent of independents.
It’s not just the court of public opinion where Trump’s tariffs are facing an uphill battle. After an appeals court ruled that the president’s tariffs were illegal, the president asked the Supreme Court to make an “expedited ruling” to overturn the decision.
If the highest court rules against the president—which, if it follows precedent rather than bow to Trump’s whims, it very well could—then the U.S. Treasury would have to issue enormous refunds, “about half” of the $180 billion the country has collected in tariffs so far, according to Treasury Secretary Scott Bessent.
Trump has said that refunds of this size would lead to a second Great Depression. But if the latest dismal jobs report is any indication, it seems like we might be heading that way regardless.
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