US Voters Narrowly Support Trump’s Tariff Pitch, Poll Finds

 Republican presidential nominee former President Donald Trump arrives at Harry Reid International Airport to board a plane after a campaign trip, Saturday, Sept.14, 2024, in Las Vegas. (AP)
Republican presidential nominee former President Donald Trump arrives at Harry Reid International Airport to board a plane after a campaign trip, Saturday, Sept.14, 2024, in Las Vegas. (AP)
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US Voters Narrowly Support Trump’s Tariff Pitch, Poll Finds

 Republican presidential nominee former President Donald Trump arrives at Harry Reid International Airport to board a plane after a campaign trip, Saturday, Sept.14, 2024, in Las Vegas. (AP)
Republican presidential nominee former President Donald Trump arrives at Harry Reid International Airport to board a plane after a campaign trip, Saturday, Sept.14, 2024, in Las Vegas. (AP)

Donald Trump's campaign vow to increase tariffs on imported goods, particularly from China, has the support of a narrow majority of US voters, illustrating his economic advantage over rival Vice President Kamala Harris, a new Reuters/Ipsos poll shows.

The Republican former president and his Democratic opponent have both vowed to pursue tax cuts if they win the Nov. 5 election. But voters also credit Trump with being more likely to lower the $35 trillion national debt -- even though independent economic forecasters say his proposals would have the opposite effect.

Some 56% of registered voters in the Sept. 11-12 poll said they were more likely to support a candidate backing a new 10% tariff, or tax, on all imports, as well as a 60% tariff on imports from China. By comparison, 41% said they were less likely to support a candidate attached to that proposal.

The poll showed Harris with an overall 5-percentage-point lead over Trump nationally, though the US presidential race will largely be decided in about seven battleground states where the race is tighter.

The poll details Trump's strengths on a key issue, the US economy.

"This is what's keeping the election so close," said Karlyn Bowman, a polling expert at the conservative American Enterprise Institute.

Bowman said Trump's advantage flows from a perception the economy did well during his 2017-2021 administration, and from his success convincing voters US economic problems stemmed from underhanded economic competition from other countries, notably China.

The poll found one in three Democrats said they were more likely to vote for a candidate backing higher tariffs and steep levies on Chinese goods, compared with two-thirds who said they were less likely to do so. Independent voters mirrored the wider electorate.

Until the COVID-19 pandemic ravaged the global economy in 2020, the US economy by many measures performed well during the Trump administration, boosted by tax cuts for consumers. Unemployment was at its lowest in decades, although the national debt was rising and would explode during the pandemic.

This year, Trump has promised an array of tax cuts on the campaign trail, including ending income tax on tipped income - a proposal Harris also supports. On Thursday, he vowed to end taxes on overtime pay.

Seventy percent of registered voters supported the idea of exempting tips from taxes.

Trump called himself a "tariff man" during his presidency as he slapped levies on Chinese imports. Economists are wary of the idea, including at Wall Street bank Goldman Sachs, which estimates Trump's tariffs and other policies would slow the economy.

Harris mentioned Goldman Sachs' assessment in Tuesday's presidential debate and has noted that many independent economists believe Trump's policies would add to the national debt.

But the poll found that 37% of US voters see Trump as more likely to focus on reducing the debt, compared with 30% who picked Harris. Another 30% said neither would do so.

Several prominent budget forecasters see Trump's tax proposals adding at least $3 trillion to federal deficits over a decade, while the same forecasters see Harris' plans adding less than $2 trillion or possibly reducing the debt.

Among voters polled, 47% said Trump was more likely to prioritize fostering a good climate for business, compared with 37% who picked Harris.

Harris, however, had a marginal 1-percentage-point advantage - 43% to 42% - when voters were asked who will seek to create "an economic climate that is good for me and my family."

Voters also said Harris was more likely to prioritize getting people affordable healthcare and building bridges and roads.

Trump had an advantage on inflation, which surged under Biden in 2021 and 2022. Some 43% of voters in the poll said Trump would be more likely to "lower prices for everyday things like groceries and gas," compared with 36% who picked Harris.

The Reuters/Ipsos poll gathered responses online from 1,405 registered voters, with a margin of error of about 3 percentage points.



Saudi Business Confidence Index Remains Optimistic

A street in the Saudi capital, Riyadh (Reuters)
A street in the Saudi capital, Riyadh (Reuters)
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Saudi Business Confidence Index Remains Optimistic

A street in the Saudi capital, Riyadh (Reuters)
A street in the Saudi capital, Riyadh (Reuters)

Saudi Arabia’s Business Confidence Index remained in optimistic territory at 52.1 points in March, underscoring private sector resilience despite geopolitical challenges.

The index fell from 60.7 in February but stayed above the neutral 50 threshold, reflecting continued confidence in stable economic activity and sustained growth across key sectors, according to the General Authority for Statistics (GASTAT).

A statement released by GASTAT said that the BCI for the industrial sector recorded 50.8 points, maintaining an optimistic level despite a decline of 15.8 percent compared to February.

The BCI for the services sector recorded 52.0 points, maintaining an optimistic level despite a decline of 14.9 percent compared to February, it said.

Regarding the BCI in the construction sector, the data revealed that in March, it recorded an optimistic level at 53 points, confirming the continued positive confidence among establishments in the sector, the statement added.


Syria Nears Correspondent Bank Account Deal with Türkiye, Mulls Currency Swap

This picture shows stacks of Syrian lira banknotes at the Commercial Bank of Syria in Damascus, on November 10, 2022. (Photo by LOUAI BESHARA / AFP)
This picture shows stacks of Syrian lira banknotes at the Commercial Bank of Syria in Damascus, on November 10, 2022. (Photo by LOUAI BESHARA / AFP)
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Syria Nears Correspondent Bank Account Deal with Türkiye, Mulls Currency Swap

This picture shows stacks of Syrian lira banknotes at the Commercial Bank of Syria in Damascus, on November 10, 2022. (Photo by LOUAI BESHARA / AFP)
This picture shows stacks of Syrian lira banknotes at the Commercial Bank of Syria in Damascus, on November 10, 2022. (Photo by LOUAI BESHARA / AFP)

Syria ‌is in the final stages of establishing a correspondent bank account with neighboring Türkiye's central bank and will also discuss a potential currency swap aimed at boosting trade, the Syrian central bank chief said.

Türkiye has been the main backer of the Syrian government of President Ahmed al-Sharaa since the ousting of Bashar al-Assad in late 2024. Al-Sharaa has been seeking to rebuild state institutions and the ‌economy after ‌more than a decade of war, sanctions ‌and ⁠financial isolation, Reuters said.

Trade between ⁠the two countries has surged but businesses say the lack of a cross-border payments system was one of the biggest impediments to further growth and investment. A correspondent bank account would help to facilitate cross-border payments and trade finance transactions ⁠which traders say are currently cash only ‌and handled by traditional ‌money transfer offices.

In written responses to Reuters questions, Syria's ‌central bank Governor AbdulKader AlHussrieh said he expected Syrian-Turkish ‌cooperation to expand "into integrated payment systems, cross-border settlements, and more structured trade finance frameworks".

"Cooperation with Türkiye, particularly between the Central Bank of Syria and Turkish authorities, is accelerating ‌and becoming increasingly institutionalized," said AlHussrieh, who was on a two-day working visit to ⁠ Türkiye ⁠this week.

Turkish state lender Ziraat Bank and smaller private Aktif Bank were also expected to begin Syrian operations "in the near term", he said.

Türkiye 's exports to Syria jumped following Assad's ouster by 60% to $3.5 billion last year, official data show, while Syria's imports were at $235 million. The countries aim to almost triple trade volume to $10 billion over the medium term.

"This ambition will require a fully functioning financial system in Syria, supported by strong correspondent banking relationships," AlHussrieh said.


OPEC Chief Stresses Commitment to Support Market Stability

Al Ghais spoke on Thursday at the 16th High-Level Meeting of the Energy Dialogue between OPEC and the EU in Brussels
Al Ghais spoke on Thursday at the 16th High-Level Meeting of the Energy Dialogue between OPEC and the EU in Brussels
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OPEC Chief Stresses Commitment to Support Market Stability

Al Ghais spoke on Thursday at the 16th High-Level Meeting of the Energy Dialogue between OPEC and the EU in Brussels
Al Ghais spoke on Thursday at the 16th High-Level Meeting of the Energy Dialogue between OPEC and the EU in Brussels

OPEC Secretary General Haitham Al Ghais has reiterated the Organization of the Petroleum Exporting Countries’ commitment to support market stability and emphasized the need for long-term investment in all energies to meet expected future demand growth.

Al Ghais spoke on Thursday at the 16th High-Level Meeting of the Energy Dialogue between OPEC and the European Union (EU) at the European Commission Headquarters in Brussels.

The meeting was co-chaired by Al Ghais and European Commissioner for Energy and Housing Dan Jørgensen.

The dialogue was first established in 2005, making it OPEC’s longest-standing dialogue. Since then, the cooperation has included 16 high-level, five technical and numerous bilateral meetings in both Vienna and Brussels, ten joint studies, the co-hosting of numerous workshops and roundtables and the facilitation of valuable exchanges on energy market outlooks.

Al Ghais reflected on the productive collaboration between the two organizations over more than two decades, and emphasized the value of exchanging views on energy issues of common interest.

The importance of the dialogue is evident in a dynamically evolving global environment, which creates challenges for global energy markets and the global economy more broadly, Al Ghais said.

Moreover, he underscored the benefits of dialogue to help navigate market challenges, reiterating OPEC’s commitment to support market stability and emphasizing the need for long-term investment in all energies to meet expected future demand growth.

Discussions focused on the current oil and energy market outlook, including supply and demand dynamics, macroeconomic conditions, the evolving global energy mix and the need for balanced and realistic approaches to future energy pathways. The meeting also highlighted the need for all energies to help deliver energy security and energy availability, and all technologies to help achieve emissions reductions.

OPEC reiterated its commitment to maintaining open and constructive dialogue and to continue strengthening cooperation within the framework of the OPEC-EU Energy Dialogue.

It was agreed that the next High-Level Meeting of the OPEC-EU Energy Dialogue will take place in November 2026 in Vienna.