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How confident adults are in knowing what a tariff is in the United States in 2024

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Source

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Release date

March 2024

Region

United States

Survey time period

February 27 to 29, 2024

Number of respondents

1,000 respondents

Age group

18 years and older

Special properties

U.S. citizens.

Method of interview

Online survey

Citation formats

Public confidence in knowing what a tariff is in the U.S. 2024

Published by ÌÇÐÄÆƽâ°æ Research Department, Feb 4, 2026

Americans' understanding of tariffs appears limited, with only ** percent feeling very confident about their knowledge of the trade policy tool. This lack of awareness comes at a time when tariffs have become a significant topic in U.S. economic discussions, particularly in relation to international trade relations and domestic industry protection.

Potential impact of proposed tariffs

Despite the public's uncertainty, proposed tariffs could have far-reaching effects on the U.S. economy. If implemented, certain proposals could increase the average tariff rate on dutiable imports to nearly ** percent, a substantial rise from the two percent rate in 2024. Such changes would affect dutiable goods and impose taxes on previously duty-free imports, potentially leading to a sharp increase in the overall tariff burden.

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