Trump Economic Confidence vs. Public Anxiety: Americans Divided Over Tariff Gamble

A new poll reveals growing public dissatisfaction with Trump economic strategy, as sweeping tariffs spark anxiety, stock market losses, and fears of inflation—despite a strong jobs report.

Americans Grow Wary of Trump’s Economic Plan Amid Tariff Fallout
A growing number of Americans are expressing discomfort with President Trump’s economic strategy, especially after his announcement to impose a 10% base tax on all imported goods. According to a new Wall Street Journal poll conducted between March 27 and April 1 among 1,500 registered voters, 52% of respondents are now dissatisfied with how Trump is handling the economy—a notable rise from 42% in October 2024.

The poll, conducted before Trump’s tariff declaration, shows deepening concern across voters. Only 25% of respondents approve of Trump’s economic management during his first 100 days back in office.

Mixed Public Sentiment and Mounting Financial Worries
While 42% support Trump’s import tax initiative, 54% oppose it. A revealing 48% of those polled believe that U.S. consumers will bear short-term pain without guaranteed long-term gain, while just 35% expect eventual benefits.

Pollster John Anzalone commented, “Voters give a new president a little grace… they’re anxious but want to wait and see.” His Republican counterpart Tony Fabrizio agrees, noting the hesitancy reflects broader uncertainty in a volatile economic climate.

Markets React Sharply to Tariff Shock
Trump’s announcement sent tremors through Wall Street. On Friday, the Dow Jones dropped 2,231 points, marking a 5.5% loss. The S&P 500 fell 6%, and the Nasdaq took a 5.8% hit—highlighting investor panic over Trump’s sweeping $600 billion tariff package. All three indexes are now significantly off their recent highs, with the Nasdaq down 23% from its December peak.

Despite the market’s steep decline, Trump remains unphased. On Truth Social, he encouraged investors to “buy the dip,” doubling down on his plan. “We’re feeling good,” said Vice President Vance on Newsmax, defending the administration’s shift. He cited decades of economic policy that, in his words, “rewarded offshoring and weakened our nation’s prosperity.”

Critics Warn of Retirement Wipeouts and Inflation Risks
Critics, including Federal Reserve Chair Jerome Powell, are concerned. Powell warned that Trump’s extensive tariffs could fuel long-term inflation. The President, in response, has pressured the Fed to cut interest rates, accusing Powell of playing politics with monetary policy.

Jobs Data Brings a Glimmer of Hope
Amid market gloom, the March jobs report offered surprising optimism. The U.S. added 228,000 jobs last month—well above the expected 135,000—keeping unemployment at 4.2%. While not enough to calm markets, it did provide a counterbalance to the otherwise negative sentiment.

As the U.S. walks a tightrope between economic reform and market instability, the next steps from both the administration and the Federal Reserve could shape global financial confidence for months to come.

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