I knew something was still missing from the list of economic damages the current congress has inflicted: TRADE WAR.
Of course, it's not those countries that will be paying those 'trade sanctions" (read import levy) it's the American consumer of these goods. (namely Alberta tar sand oil, which really isn't "dirty", but that's the boogy man media has placed on it.)
The price of gas is really going to climb people, and it WON'T be hinged to the price per barrel. When THAT goes up, we will have $10 PLUS gas. And very soon.
The cost on goods because of transportation alone will skyrocket, never mind the price increases due to manufacturing them with extremely expensive oil and electricity.
[. . . it’s not those countries that will be paying those ‘trade sanctions” (read import levy) it’s the American consumer. . .]
True. But if the tariff is high enough it raises the price of an item to a level that is less attractive to buyers, reducing the volume of sales of the imported item.