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A 25% tariff results in low-singe digits % price increase at in the store. The tariffs are on cost of goods, but cost of goods is usually a fairly small fractio
by toasterlovin 7y ago
A 25% tariff results in low-singe digits % price increase at in the store. The tariffs are on cost of goods, but cost of goods is usually a fairly small fraction of retail price.
- paganel 7y agoEven a 5% increase in the monthly costs of a lower-income family is 5% too much in this era of stagnating real wages. And
- toasterlovin 7y agoMost families don't spend all that much money on stuff manufactured in China. Family budgets are largely comprised of rent/mortgage, food, and transportation. Then you have clothing and household goods, some of which is manufactured in China. So we're looking at a 5% increase in a small fraction of a family's monthly budget. As a point of comparison, families regularly weather much larger fluctuations in their monthly budget due to changes in the price of gasoline.