f you’re inclined to roll your eyes at the stuffy academics shouting about the damage tariffs do to the economy, I get it. “Tariff” is just one of those words that makes your eyelids feel as heavy as they did in your 9 a.m. undergraduate econ class.
But if you don’t want to heed the many, many economists’ warnings about former President Trump’s fringe economic plans, take it from the people running the companies that make the stuff you buy: Prices will go up. How much and how fast is hard to know, but you can bet your bottom dollar you’ll be needing more dollars to pay for everyday goods if Trump’s sweeping tariffs are put in place.
“If we get tariffs, we will pass those tariff costs back to the consumer,” said Philip Daniele, CEO of AutoZone, on an earnings call in September.
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