Chinese goods are a large percentage of the goods that American consumers consume. A price increase in them is a broad price increase. And approximately all

Chinese goods are a large percentage of the goods that American consumers consume. A price increase in them is a broad price increase. And approximately all of the goods produced in the US use a large percentage of Chinese parts. American services use Chinese goods. They'll all see cost increases. The shift in demand towards different domestic products will cause price increases -- demand for these will outstrip supply, causing price increases.