Hyperbole aside, prices of ALL imported goods will go up.
And this is a good thing.
That $79 pair of work boots will be more like $129. And they’ll be alongside a pair made in USA for $139.
“That $79 pair of work boots will be more like $129. And they’ll be alongside a pair made in USA for $139.”
That isn’t how it works. US companies take advantage of the new higher prices and raise theirs up to the same percentage ratio it was before.
Real world example was when Obama put a tariff on Chinese tires because of the steel workers union. Immediately US, companies jacked their prices up also without any increases in their costs. They took advantage of the situation to price gouge.
Fact... I was a tire wholesaler distributorship at the time. THAT is how it really works. So those US boots will cost $189 not $139.