In a study published this week, the National #Retail Federation argued that Mr. #Trump’s proposed #tariffs on #apparel, #toys, #furniture, #appliances, #footwear & travel #goods alone would cost #consumers an extra $46 billion to $78 billion a year.

[and you folks thought prices were high under #Biden. You did this to yourselves.]
https://nrf.com/research/estimated-impacts-proposed-tariffs-imports-apparel-toys-furniture-household-appliances

John Donigian, the senior director of #SupplyChain strategy at Moody’s, said the #tariffs could lead to higher #costs, potential #delays & pressure for #businesses to shift production closer to North America or into the #UnitedStates.

All industries would face unique challenges, he said. For #electronics, moving #production could be #slow & #costly. For #retail & #consumer #goods that try to keep costs low, inventories could fall & consumer #prices rise.

[so less stuff that’s more expensive]

Edward R. Rosenfeld, the chief exec of footwear brand Steve Madden, said that his company currently sourced >70% of its products from #China but had “been planning for a potential scenario in which we would have to move #goods out of China more quickly."

“As of yesterday morning, we are putting that plan into motion,” he said. Steve Madden had been making more shoes in #Cambodia, #Vietnam, #Mexico & #Brazil & its goal over the next year was to reduce its sourcing from China to only 40-45%.

[Video] #EconomicCalamity: How #Trump's '#global #tariff' #plan will #spike #prices on most #imported #products.

#ConvictedFelon #DonaldTrump plans to #pickyourpocket with blanket #tariffs, which are #taxes on #imported #goods, as part of his #economic #policy. These Tariffs would be passed directly on to #Americans via much #higher #consumer #prices.

https://www.msnbc.com/the-reidout/watch/trump-s-global-national-tariff-will-spike-prices-on-all-imported-good-sen-amy-amy-klobuchar-says-220517445547