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Trade Policy Uncertainty Soars to Record Level as Majority Doubt Trump’s Tariff Plan

Market futures climbed when Trump withdrew his threat of a 50% tariff on EU goods

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Overview

  • CBS News/YouGov polls show 55% of Americans and 64% of independents say Trump lacks a clear plan for tariffs and trade.
  • The Trade Policy Uncertainty Index has surged 846% year-on-year, reaching its highest level since 1960.
  • Market futures rose after Trump shelved his threat of a 50% tariff on EU goods following a pattern of policy reversals.
  • Since his “Liberation Day” announcement of reciprocal tariffs, Trump’s pauses and reinstatements of tariff threats have left voters and markets uncertain.
  • Polling trends reveal a steady increase in voter skepticism about his trade clarity as his presidency continues.