Well, since I am expecting my $2500, a year Obamacare savings to kick-in at ANY moment, I can EASILY afford these tariff costs!
American Enterprise Institute’s Derek Scissors points this out:
Worst case scenario — If the US places 25% tariffs on ALL Chinese imports and no substitution for those goods and services occurs, the additional cost would be $145 billion. That’s a bit over one percent of 2018 consumer spending, but in reality, the cost will certainly not that be that high, because SUBSTITUTION WILL OCCUR. And the cost will fall over time as more producers enter to replace Chinese. We have businessmen in Mexico, Vietnam, India, the Philippines and Indonesia willing to take up the slack.