If you don’t care about tariffs now, you will soon
You haven’t fallen victim to tariffs… or haven’t yet, I should say. Very few Americans have been impacted by tariffs imposed by the United States. However, that could certainly change this fall if the trade war continues to escalate. The US plans to sanction another $200 billion in imported goods from China before the end of September putting the grand total to $450 billion.
When summer comes to a close… you will be back in school (or still working) and the price of consumer goods will begin to rise – not much to look forward to, huh? The US exports everything from China – clothing, computers, refrigerators, etc. So unless another country [that can get along with Donald Trump] can produce all of these goods, prices are bound to rise.
Higher prices and raising inflation… are the two not-so-great side effects that come from this trade spat. Prices in the US are already at their highest level since 2012 and are bound to go even higher. And it doesn’t take a genius to realize that rising wages are worthless when prices are rising at an even faster rate. Better get your back-to-school shopping done ASAP – and as a matter of fact, get your Christmas shopping out of the way, too, because things are getting out of control.