Insight Report 6 minutes Premium2025 Tariffs: What Do US Consumers Think?—Proprietary Survey Insights Aditya Kaushik, Analyst Sector Lead: John Mercer, Head of Global Research and Managing Director of Data-Driven Research February 3, 2025 What's InsideOn February 1, 2025, President Trump implemented a 25% tariff on imports from Canada and Mexico, as well as a 10% tariff on all goods from China, as promised during his presidential campaign. Now that the tariffs have been implemented, we explore proprietary Coresight Research survey data on what US consumers believe the impact of these tariffs will be. Proprietary survey data in this research report include: How US consumers believe the tariffs will impact the overall economy and their personal finances The potential drawbacks and benefits of the new tariffs How selected respondents will change their shopping behaviors to avoid the effects of tariffs Companies mentioned in this report include: Best Buy, Shein, Temu, TJX Companies, Walmart Other relevant research: Retail 2025: US Macro, Consumer and Retail Outlook Proposed US Tariffs and Their Impacts—Price Hikes Likely, Making Diverse Supply Chains a Must The Coresight Research US Consumer Survey Databank provides additional insight into US consumer behaviors from our weekly surveys. The US Retail Sales Databank features retail sales values and year-over-year growth, in total and by sector, by year and by month. This Databank is updated monthly. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Innovator Profile: Portless Streamlines Cross-Border Logistics with Direct Shipping SolutionsHoliday 2024: UK Retail Wrap-Up—Cautious Spending and Late Shopping Fuel Volatile Peak TradingUlta Beauty Investor Day 2024: Targeting Sustainable Growth, with a Focus on Digital InnovationRetail Around the World: Singles’ Day 2023—Coresight Research Observations