More than half of voters support slapping 10 percent tariffs on all imports, in boost for Trump's populist, protectionists policy

A majority of voters say they support slapping a 10 percent tariff on all imports, according to an exclusive new poll, in a boost to President Donald Trump's plan for reducing U.S. reliance on foreign producers.

According to the latest J.L. Partners/DailyMail.com 2024 poll, 24 percent of likely voters strongly support the policy proposal while another 30 percent tend to support it.

Only six percent strongly oppose 10 percent tariffs on all imports while 11 percent tend to oppose it.

It shows how perceptions of tariffs have shifted in recent years, as the ex-president fans favor populist, protectionist sentiments in the United States.

But economists warn such a move would lead to higher costs for all Americans as the country is still hampered by persistent inflation. 

Majority of likely voters support Trump proposal for a 10 percent tariff on all imports according to the new poll of 1,000 likely voters. Margin of Error: 3.1 percent

Donald Trump made the proposal for 10 percent  tariff on all imports to the U.S. last summer and has actively promoted imposing tariffs as he runs for president

'Voters are not in the detail of the economics. To them, it is instinctive: protecting America and putting up tariffs if other nations do not play fair is a popular proposition,' said James Johnson, cofounder of J.L. Partners. 

'European capitals and businesses might be quaking in their boots at the idea of Trump 2.0 on tariffs, but the American people welcome the policy.'

The poll tested the opinions of 1,005 likely voters on March 21. It has a 3.1 percent margin of error. 

Speaking on CNBC earlier this month, Trump declared 'I'm a big believer in tariffs.'

'I fully believe in them economically when you’re being taken advantage of by other countries,' the Republican presidential hopeful told Squawk Box in an interview.

The comments came after he first proposed the 10 percent tariffs on all imports last year. 

'When companies come in and they dump their products in the United States, they should pay, automatically, let’s say a 10 percent tax,' Trump said at the time in a Fox Business interview. 'I do like the 10 percent for everybody.'

Trump has argued tariffs take aim at China, but an across the board 10 percent tariff would not just impact imports from China. 

While the U.S. does receive the largest amount of its imported goods from China, the country only supplies 16.5 percent of total goods imported, according to the office of the U.S. trade representative. 

Some of the other biggest importers to the U.S. are Mexico, Canada, Japan, and Germany.

Trump has proposed 10 percent tariffs on all imports and has said he is considering imposing 60 percent tariffs on Chinese goods

The Tax Foundation, a center-right organization, found a 10 percent tariff would raise taxes on Americans by more than $300 billion a year and warned if imposed, the tariffs would trigger retaliatory tax increases on U.S. exports.

'Americans would see higher prices for a variety of goods that are imported across the border, whether that's consumer goods or whether it's a business trying to purchase intermediate inputs that are used to produce its final products,' said Erica York, senior economist at the Tax Foundation.

It estimated a 10 percent tariff on imports would reduce the size of the economy by 0.7 percent and would eliminate more then half a million jobs. 

Including retaliatory tax increases, the move would shrink the U.S. economy by 1.1% and threaten more than 825,000 jobs, the Tax Foundation estimated.

'Oftentimes when we see Trump talking about this proposal, he's saying he is going to be taxing foreign businesses. It sounds like if you're taxing foreign business, you get less foreign business, you get more domestic, but that's not at all how tariffs function,' York said. 'They're taxes paid by the business in the U.S. importing the goods.'

A separate analysis of the 10 percent tariff proposal from the Center for American Progress Action Fund, which was founded by Democrats, found it would amount to a roughly $1,500 annual tax increase for the typical U.S. household.

That would include a $90 tax increase on food, a $90 tax increase on prescription drugs and a $120 tax increase on oil and petroleum products. 

Trump speaking before signing a memorandum imposing tariffs on goods from China in March 2018

Container ships in China in 2018 as Trump proposed additional tariffs escalating the trade dispute with the country. In September of that year, his administration slapped tariffs on $200 billion worth of goods from China. Additional tariffs were also imposed in 2019

J.L. Partners also polled 1000 likely voters from March 20 to 24 via landline, cellphone, SMS and apps. It found Trump had a four-point lead over Biden

During his four years in office, Trump imposed a number of tariffs on China, Mexico and the European Union including a 25 percent tariff on steel and 10 percent tariff on aluminum. 

In total, tariffs imposed during the Trump administration amounted to an $80 billion tax increase on $380 billion wort of imports, according to the Tax Foundation analysis. 

Multiple studies found the move made it harder to do business in the U.S. because it raised manufacturers input costs.

Meanwhile, the Biden administration kept most of those Trump administration tariffs in place.

23 percent strongly support maintaining such subsidies and 30 percent tend to support it. Only 10 percent strongly oppose keeping subsidies while 8 percent tend to oppose it.

At the same time, the majority also supports lifting restriction on being able to drill for oil and gas. 33 percent strongly support lifting restrictions while 23 percent tend to support lifting such restrictions. 

By the end of 2023, the U.S. broke its record for the most crude oil production in the country's history when weekly oil production hit 13.3 million barrels a day, according to the U.S. Energy Information Administration.

Since then oil production has remained close to that record level of weekly production.