President-elect Donald Trump’s proposed tariffs have already begun to upend businesses in several industries and many are taking action to safeguard their profits. The tariffs, which include a 10-20% tax on all imports and a potential 60-100% on goods from China, are causing significant concern – and the costs are likely coming right to consumers' wallets. Don't Miss: This Adobe-backed AI marketing startup went from a $5 to $85 million valuation working with brands like L'Oréal, Hasbro and Sweet
Let’s say you’re an industrialist that’s thinking about building an American factory and your Excel sheet agrees that you can do so and massively undercut tariffed products.
That’s what some think will happen.
But Mr. Industrialist isn’t stupid! He knows that post-tariff prices are going to piss people off and fuck the economy. Think he’s going to get caught holding the bag when the tariffs are repealed?!
Let’s say you’re an industrialist that’s thinking about building an American factory and your Excel sheet agrees that you can do so and massively undercut tariffed products.
That’s what some think will happen.
But Mr. Industrialist isn’t stupid! He knows that post-tariff prices are going to piss people off and fuck the economy. Think he’s going to get caught holding the bag when the tariffs are repealed?!