REVEALED: Which Americans will be hit hardest by Trump’s trade wars with Canada and China… and it might spark him to change his mind
Donald Trump’s escalating trade war will hit the president’s supporters the hardest, according to a new analysis.
The president has beefed up tariffs as part of his effort to reshape America’s trading partnership with the world.
Many of the US trading partners have slapped retaliatory tariffs on American goods in response to the White House’s steep levies.
A New York Times analysis found that nearly 8 million Americans, most of whom are Trump voters, work in industries targeted by the retaliation tariffs.
Approximately 4.48 million workers affected are in counties that voted for Trump in the last election, compared with 3.26 million jobs in counties that voted for Kamala Harris.
The EU is targeting U.S. industrial and farm products from Republican-led states in its counter-tariffs, focusing on American meat, bourbon, motorcycles, peanut butter and jeans.
Canada responded to Trump’s new tariffs by announcing $21 billion in new tariffs targeting imports of U.S. computers and sports gear.
The trade war with China dramatically escalated this month after Trump doubled the tariffs it imposed on Chinese imports to 20 percent.
Donald Trump ‘s escalating trade war will hit the president’s supporters the hardest
Approximately 4.48 million workers affected are in counties that voted for Trump in the last election, including many rural parts of the country that produce agricultural goods
Beijing responded with up to 15 percent reciprocal tariffs on some U.S. farm goods that come from rural areas where workers voted for Trump.
The industries hit hardest are concentrated in parts of the upper Midwest, South and Southeast, including many rural parts of the country that produce agricultural goods, according to the study.
The retaliatory tariffs target industries in swing states that employ 9.5 percent of people in Wisconsin, 8.5 percent of people in Indiana and 8.4 percent of people in Iowa.
Experts say industries hit by retaliatory tariffs are likely to sell fewer goods on foreign markets, which could lead to lower profits and job losses.
A new DailyMail.com poll, conducted with J.L. Partners, shows that voters are still unsure about tariffs.
Less than 40 percent support more tariffs on various imported products from foreign countries, although roughly 30 percent of voters remain unclear of how they feel about them.
Thirty-nine percent of voters in the poll support more tariffs on precious metals, pearls and stones, 37 percent support them on plastics.
Other tariffs most supported by Americans include vehicles, machinery and iron and steel.
The EU is targeting U.S. industrial and farm products from Republican-led states in its counter tariffs, focusing on American meat, bourbon and motorcycles
The tariffs that remain the least popular are on pharmaceutical products, clothing, and furniture.
Trump’s tariffs caused the 7th fastest stock market slump on record on Thursday when the S&P 500 dropped below 10 percent.
A 10 percent drop is a big enough deal that professional investors have a name for it – a ‘correction’ – and the S&P 500´s 1.4 percent slide on Thursday sent the index to its first since 2023.
The losses came after Trump upped the stakes in his trade war by threatening huge taxes on European wines and alcohol.
The turbulence is a result of uncertainty about how much pain Trump will let the economy endure through tariffs and other policies in order to reshape the country and world as he wants.
