New tariffs on imports could soon make everyday products more expensive, but not all prices will rise equally.
President Donald Trump has imposed or threatened tariffs on imports from multiple countries. The impact on prices will vary depending on the product, experts at The Wall Street Journal say.
For common goods like tablecloths or clothes, prices may not change much because there are plenty of alternatives. However, for niche products like Italian wine, prices could jump nearly 10% as customers are less likely to switch brands.
READ MORE: https://www.wcnc.com/article/news/local/connect-the-dots/tariffs-raise-prices-everyday-items/275-5b86c20c-88af-4b78-85d0-6620b97db205
2 Comments
What happened to his promise of lowering grocery prices on day one?
I assure you, this will affect clothes as well. You think all our clothes come from USA? Most of these Polos and Nikes are made in India, China, Taiwan, Guatemala.