Most Americans Expect Prices to Rise Under New Tariffs, Ipsos Poll Shows

A recent Reuters/Ipsos poll conducted April 4–6 reveals that most Americans are aware of the new tariffs announced by President Donald Trump and expect them to raise consumer prices. The survey included responses from 1,027 adults across party lines.

Public Awareness and Understanding

The announcement of a 10% baseline tariff on nearly all imported goods has reached most of the public.

Awareness
82%
Are familiar with the policy
Correctly identify scope
60%
Understand what the tariffs cover
Misunderstanding
46%
Think exporters pay the tariffs
Tariff history
11%
Know US tariffs were generally higher historically

Misunderstanding of trade policy remains widespread, particularly among Republican respondents. Only 19% of Republicans answered correctly about who pays tariffs, compared to 49% of Democrats.

Support for Tariffs and Related Policies

Support for the tariffs and related federal downsizing proposals strongly aligns with political affiliation.

Support for a 10% tariff on all US trading partners:

  • Republicans: 73%
  • Democrats: 10%
  • Independents: 41%

Support for tariffs on Canada and Mexico:

  • Around 74–77% of Republicans support them.
  • Less than 10% of Democrats agree.
  • Independents fall between 31% and 37%.

There are major splits in how people think about tariffs, global competition, and whether economic sacrifices are worth it in the long run.

% of respondents who agree with the following statements:

New tariffs should be targeted at countries taking advantage of the system, not at everyone
All Americans
76%
Republicans
82%
Democrats
76%
Independents
77%
Other countries have been taking advantage of the U.S. when it comes to international trade
All Americans
52%
Republicans
85%
Democrats
25%
Independents
55%
Any short-term economic pain is worth it to make the U.S. stronger in the long term
All Americans
49%
Republicans
81%
Democrats
23%
Independents
49%

These partisan gaps also apply to proposals like dismantling the Department of Education, reducing the federal workforce, and cutting public health funding. Republicans broadly support them. Democrats oppose nearly all.

Expectations of Higher Consumer Prices

Most Americans expect the new tariffs to increase the cost of living:

Category % Expect Cost to Increase
Personal electronics Personal electronics
77%
Automobiles Automobiles
73%
Everyday items Everyday items
73%
Household appliances Household appliances
72%
Fresh produce Fresh produce
70%
Home repairs Home repairs
62%
Dairy products Dairy products
56%

Democrats are more likely than Republicans to expect price hikes across every category. For example, 87% of Democrats expect produce costs to rise, compared to 53% of Republicans.

Signs of Economic Pressure

Financial strain in the US remains common, even before the tariffs take effect:

Delayed purchases
39%
Delayed purchases due to insufficient funds
Missed bill
21%
Missed at least one bill payment
Debt or savings
16%
Used retirement savings or went into debt

These figures are consistent with past Ipsos polling from late 2024 and early 2025.

Public Opinion on Health Institutions and Trade Policy

Despite debates over government spending, most Americans say they value public health and regulatory institutions:

  • 78% say public health research helps society.
  • 75% understand the CDC’s role.
  • 78% understand the FDA’s function.

Yet, 30% support freezing funding for federal health agencies. 62% of Republicans agree with that proposal, compared to just 5% of Democrats.

On trade, 52% believe other countries have taken advantage of the US. This belief is strongest among Republicans (85%) and lowest among Democrats (25%).

There is one point of broad agreement: 76% say tariffs should focus on countries that benefit unfairly from current trade arrangements, not be applied universally.


Methodology

The poll was conducted using Ipsos’s KnowledgePanel, a nationally representative online sample. The margin of error is ±3.2 percentage points for the total sample, with higher margins for subgroups.


Joseph Nordqvist
Joseph Nordqvist is the Editor and CTO of Market Business News. He attended Durham University, has a bachelor's degree in Marketing and Publicity, is a certified Growth Marketer, and recently completed a postgrad program in Artificial Intelligence and Machine Learning- Business Applications at the McCombs School of Business.