Quotes
The prices on a lot of things that people buy at retail — apparel, footwear, household goods – things like that will be affected. Ten percent is not huge, but it's not zero either,
I would be surprised if you see a renaissance in the American apparel industry as a result of a 10% tariff. It would take a lot more than that,
The main purpose of increasing tariffs is to assure that America is truly ‘America First’ and protect American jobs. If you are looking for a job, they are beneficial to you. If the tariffs are increased, Chinese products will lose their competitiveness, and American products will become more competitive. This will make it easier for Americans to find jobs,
A tariff strategy can be implemented in such a way that the cost largely falls outside of the country,
I’m concerned about rising prices,
Yon Bui, a student of music and computer science at Middlebury College in Vermont, said in an interview Thursday The theory on paper is that you're giving domestic producers an advantage. The reality in practice is that more people are paying higher prices for products, regardless of their source,
They don't want them, and I'd rather not have to use it,
With things that are already really expensive, if you add another 10% to their price – it's not like, say, buying a thermos and adding another 10% – this kind of price hike is truly big,
They are already a high-ticket item, and many consumer electronics are manufactured in China or use components sourced there, ... If tariffs are imposed, the heightened cost of production and increased import costs on components like microchips will likely be passed on to consumers, meaning higher retail prices.”
said Vivian Tu, host of the podcast “Networth and Chill” and the author of “Rich AF: The Winning Money Mindset that will Change Your Life.” Trump’s proposed tariff policies, especially at higher rates, would disproportionately harm middle- and low-income Americans while failing to deliver meaningful economic benefits.”
As Monica Morlacco, an assistant professor of economics at the University of Southern California, previously told HuffPost With the Kindle, instead of lugging around a 15-pound bag of books from place to place, I can hold thousands of titles at a fraction of the weight in my bag or a large pocket, completely comfortably. This has been nothing short of game-changing."
Any increase in expenses in the form of a tariff subsequently serves as a 'food tax' on consumers for imported products and is not a workable solution,
National Grocers Association spokesman David Cutler said Beef prices are high right now and trade disruptions can introduce some chaos into the markets,
We import most of our fresh fruit and vegetables from Mexico and Canada so you will definitely see inflation on those products,
said Rob Fox, an economist and director of CoBank's Knowledge Exchange If it goes through anything like threatened, it will definitely push U.S. beef prices up significantly higher,
These are products that are not easily replaced,
Food companies are scrambling to come up with contingency plans in terms of where they might source these products should these tariffs come into place, and that adds cost to their operations,
We've just come through a high inflation period, and you can argue that both ways: you can say that companies have figured out that they do like to raise prices — but we also hear a lot from companies these days that consumers have really had it with price increases,
What they ... Powell said There are lots of places where that price increase from the tariff can show up between the manufacturer and the consumer,
I have to ship them in advance and take on more risk,
he said at his Foshan factory
