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Poll: 54% of Americans Would Pay More if Tariffs Increase Prices

UNITED STATES, JUL 22 – Tariffs have reduced US companies' profits by over $1.1 billion and led 32% of consumers to hunt for discounts amid rising prices, especially impacting low-income groups.

  • On July 22, General Motors reported a $1.1 billion profit hit in Q2 due to ongoing U.S. tariffs, amid broader tariff impacts on U.S. businesses.
  • The tariffs result from President Donald Trump's continued push for tariff-based policies begun in 2024, with added levies floated on the EU and Mexico despite resistance from China.
  • Other companies like Stellantis attribute billions in losses to tariffs in the first half of 2025, and many businesses pass increased costs to consumers, raising domestic prices notably for some goods.
  • Deutsche Bank's George Saravelos stated, "Americans are mostly paying for the tariffs," while economists expect growing price pressures on consumer markets in coming months.
  • These developments imply U.S. consumers and companies will likely bear sustained tariff costs, increasing living expenses and affecting lower-income families disproportionately.
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Poll: 54% of Americans would pay more if tariffs increase prices

(The Center Square) — More than half of Americans said they are willing to pay up to 10% more for U.S.-made goods if President Donald Trump’s tariffs raise prices, according to a recent poll.

·Cherokee County, United States
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Lean Right

The new US administration inherited an economy in its fifth year of expansion, with solid consumption, a robust labour market and inflation close to the 2% target. However, since the beginning of 2025, the US has been facing major political changes: tariffs at the highest level in a century, strict immigration restrictions and a tax package that cuts taxes, but risks an increase in the deficit. Tariffs, which now average 15%, six times more than…

·Mexico
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Chain Store Age broke the news in on Tuesday, July 22, 2025.
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