Americans see Trump's actions on the economy as too erratic, discover the survey

Jason Lange, James Oliphant and David Morgan | Reuters

The fears of recession persist in the middle of inflation and commercial wars

President Donald Trump has not excluded the possibility of a recession in a recent interview with Fox News in the middle of the continuous trade war from his administration.

Washington, March 12 (Reuters) – The majority of Americans combined with President Trumpis President Trumpis being too erratic in his movements to shake up the use, such as his taxation of prices against some of the country's main trade partners, the stock markets, a possibility of Newreuters / Ipsos.

Some 57% of respondents, including one in three Republicans, said that presidents' policies were unstable because his efforts to tax imports launched a world trade war, according to the two -day survey that closed on Wednesday.

Americansinstead Wanttrpto continues to concentrate the fight against high prices even if there are increasing concerns, Hispolices will increase costs, not down, according to the survey.

Prevails over the imposition of prices on allies such as Canada and Mexico and its refusal to exclude a Hasspookedu.s recession. markets. The S&P 500.spxhas has lost more than 3 dollars since its peak of all time last month.

In response, the short-term economic pain of the White House is necessary for Trump to implement his commercial program, which aims to bring back manufacturing to the United States

Wall Street was shaken by some Lawpolicy's Lawpolicy inversions from Trump. Trump on Tuesday announced more serious prices on Canadian metals bringing the actions – then abandoned the threat later in the day after Canada had a concession.

Overall, 44% of respondents said they approved the work that Trump was doing as president, unchanged from a Reuters / Ipsos survey conducted from March 3 to 4. He obtained particularly low notes on the question of the cost of living, where only 32% of respondents approved his performance.

And most of them – 70%, including nine out of 10 and six in 10 Republicans – said they expected higher prices to make grocery store and other regular regular purchases.

For most of his political career, Trump – a real estate developer who has become a reality TV star – said the stock market force as an indication of economic health. But since his return to the office, he has minimized it.

The markets will go up and they will fall. We have to rebuild our country, Trump told the White House on Monday.

It is a clear change in his first mandate, when, in March 2017, Trump celebrated the industrial average of Dow Jones.

“Since November 8, on election day, the stock market has posted 3.2 billions of dollars in gains and consumer confidence at a higher level of 15 years.” Trumpat the time displayed The site has now called X.

A woman of White House Onewednesday urged patience, qualifying the performance of the markets for a moment in time, and we expect that there will be good days and there will be bad days, but ultimately, Wall Street and Main Street will benefit from the policies of this president, as they did to her first mandate.

Inflation was by far the main concern of respondents in the survey. Six in ten respondents said it was the problem they thought that Trump should prioritize, much more than those who have cited other presidential priorities, including the reduction in government size, the fight against immigration and the fight against crime.

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Recession warnings

Some analysts have painted a darker image. The investment bank JP Morgansees the risk of an American recession this year at around 40%, and considers an economic slowdown in the duration of the return time if Trump follows with another wave of prices planned in April.

Already, the White House has hooked samples from Chinese manufacturing goods and increased taxes on the Awide of Importée of automotive parts and tractors, building materials and machines on Wednesday – a large part of which is bought in Canada and Mexico. Canada and European Union on Wednesday for reproductions from the frame.

Inflation, which has increased from the subtrump, depending on the subtrump, Democrat Joe Biden, remains high and should increase due to prices, according to analysts.

Despite volatility, the Republicans of Capitol Hill and prevail over supporters still support his economic vision.

Senator Roger Marshall told Reuters that he thought the market was overvalued.

The market is a piece of the puzzle, Marshall, of Kansas, told Reuters. Other things are going on: how to reduce interest rates, by providing manufacturing jobs here. I think it's a pretty complicated image.

Others recognized that the decreases were foramers of concern, in particular retirees and those approaching the retirement age sensitive to their retirement savings accounts.

“We all know that people who count on retirement accounts look at them daily. And so, I think he may need to be a little more sensitive to that,” said Republican senator Shelley Moore Capito of Virginie-Western.

Democratic senator Richard Blumenthalof Connecticut saw the sale differently. This can make no difference for him because he is a billionaire. But for the everyday investor, it's really a big problem to lose this amount of money, he said.

Almost 80% of the Republicans of the two -day survey said that they agreed with a statement that the Trump'Sactionson Theéconomie “will be paid in the long term”, a sign that some people Intrump's have faith in their policies even if they are nervous for short -term effects.

Forty -one percent of the respondents overall – and only 5% if the Democrats – Saidtrump’spolies will ultimately be reimbursed.

The Americans for responsible growth, a defense group for defenders representing the treasurers of the democratic state, called Trumps approach chaotic and said that it harms investors across the country.

What may have made a rapid solution in Trump's minds has become a big waste that will not only take a lot of time to clean, but also left consumers and businesses with higher prices, less choice and more uncertainty, said Dave Wallack, executive director of groups.

The survey questioned 1,422 American adults on a national scale and had an error margin for all respondents of 3 percentage points.

(Report by Jason Lange, James Oliphant and David Morgan in Washington; additional Christmas reporting Randewich in San Francisco; edition by Scott Malone and Deepa Babington)

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