Readers Respond: Tariff outcomes
Last week, the Trump administration ramped up its trade dispute with China, announcing $50 billion in tariffs.
Since then, the Chinese government has pledged to match it in retaliatory measures. And the Trump administration threatened another $200 billion in tariffs in response to China’s response.
Many HBSDealer readers saw retaliatory tariffs comings, and they also foresee higher costs for American consumers as a result of the trade dispute.
HBSDealer’s recent poll question referred to the trade dispute China and $50 billion in tariffs and asked: “What is the most likely outcome of this move?” Higher costs for U.S. consumers and retaliatory tariffs finished in the top two spots.
Here are the full results after 239 voters participated (choosing up to 3 outcomes):
Visit HBSDealer’s Polls Archive to participate in this and other surveys.
Since then, the Chinese government has pledged to match it in retaliatory measures. And the Trump administration threatened another $200 billion in tariffs in response to China’s response.
Many HBSDealer readers saw retaliatory tariffs comings, and they also foresee higher costs for American consumers as a result of the trade dispute.
HBSDealer’s recent poll question referred to the trade dispute China and $50 billion in tariffs and asked: “What is the most likely outcome of this move?” Higher costs for U.S. consumers and retaliatory tariffs finished in the top two spots.
Here are the full results after 239 voters participated (choosing up to 3 outcomes):
- 30% — Higher costs for American consumers
- 25% — Retaliatory tariffs on U.S. goods
- 17% — Weakening of the U.S. economy
- 8% — Full blown trade war with China
- 8% — Strengthening of U.S. economy
- 8% — More jobs for American workers
- 4% — More profits for American companies
Visit HBSDealer’s Polls Archive to participate in this and other surveys.