A survey conducted by market research specialist Ipsos in December 2024 shows that more than half of all polled U.S. adults don't know what a tariff is. Only 45 percent chose the correct answer, which is a form of tax imposed on imports from other countries paid by the importing companies and is at least in part passed on to the consumer. A narrative popularized by President Trump that suggests that the exporting country pays a tax to the importing country was the second most popular option, chosen by 17 percent of respondents.[...]
pull down to refresh
related posts
33 sats \ 2 replies \ @Undisciplined 30 Jan
- 45% is pretty good for Americans being asked about anything
- The wording of the second question is close enough to the definition of "export tariff" that I suspect many who gave that answer understand what tariffs are and just didn't read closely enough.
reply
34 sats \ 1 reply \ @0xbitcoiner OP 30 Jan
At first, I thought 45% was low, but on second thought, it's not. This is a very specific economic issue. I'd bet that here in Portugal, that percentage is much lower—we’re a people with low financial literacy.
reply
33 sats \ 0 replies \ @Undisciplined 30 Jan
At least you have to specify. Americans just have a high level of general ignorance.
reply
22 sats \ 1 reply \ @dingding541 30 Jan
#867035
Must admit I assumed China would pay Trumpy
If the idea is to get Americans to buy domestically, they should be prepared to pay for it
reply
15 sats \ 0 replies \ @0xbitcoiner OP 30 Jan
I also believe that the increase in tariffs will lead to higher prices in the U.S. I think it will also boost American production. In the short term, it might be the Americans who feel the effects of the tariff hikes. I'm not an economist, but I think that in the medium/long term, it could be good for the U.S. economy. However, I’m not sure about it—it's just a guess from an outsider.
reply