So China – or any other country – does not pay the tariff on goods it exports to the U.S. Here are just a few of the mainstream online headlines warning about the sticker shock we are about to experience when Trump implements his tariffs..Sourcingjournal.com: ‘This New Sheriff Loves Tariffs’: Industry Groups on the Problems and Potential That Come With Second Trump PresidencyYahoo Finance: Trump’s tariff promises have import-heavy retailers facing ‘new reality’Business Insider: What Trump’s win means for retail giants like Walmart, Target, and CostcoBarron’s Online: Trump Tariffs Are Coming. Fortune.com: Everything we know about Trump’s policies on tariffs, trade, taxesCnn.com Politics: 3 charts that explain how Trump’s tariffs would work [“Trump doesn’t talk about the negative effect tariffs could have on U.S. businesses and consumers. … Study after study… has found that Americans have borne almost the entire cost of Trump’s tariffs on Chinese products.”]So how will we consumers offset the sweeping price increases caused by tariffs? The joke is on all of us in the 80% of wage earners.

Source: CNN November 14, 2024 19:51 UTC