As President Donald Trump prepares to announce his long-promised set of global tariffs on what he has dubbed "Liberation Day," he faces a public that is unconvinced those import taxes will boost the American economy.
A Fox News poll published last month found that 69 percent of Americans believe tariffs will make products more expensive, while just 7 percent say tariffs will reduce prices. The same poll found that 53 percent of Americans believe tariffs will harm the economy, while just 28 percent say they will improve it.
Confronted with those figures during an interview on Sunday, White House economic adviser Peter Navarro brushed off any worries and argued that businesses will have to "cut their prices to absorb" the costs of tariffs.
