A majority of Americans blame corporate greed rather than President Trump’s tariffs for rising consumer prices, recent polls reveal.
A new consumer sentiment report from a Bloomberg-Harris poll finds that 72% of adults surveyed in March expressed concerns about tariffs. And yet, another Harris Poll survey in April showed 63% of consumers believed businesses were “using the economy as an excuse to raise prices,” and 62% said product quality was declining as goods and services became more expensive.
“Three-quarters of Americans are concerned about tariffs, and most are blaming businesses for price hikes over policymakers,” said Harris Poll CEO John Gerzema.
The Harris Poll shared an advance copy of the report, which will be released Monday, with The Washington Times.
Whether jittery about tariffs or distrustful of corporations, Americans are seeing climbing prices.
The Bureau of Labor Statistics’ consumer price report for June showed higher-than-expected inflation. The report, which was