HERE IS THE METHODOLOGY FOR CALCULATING THE COST TO EACH FAMILY:
* Estimate the total value of the increased price of goods and services after the tariffs are implemented
* Divide that total value by the average number of families of four.
Based on this estimation, They found that costs will skyrocket if Trump follows through on his threat to extend the tariffs to other goods, including apparel, footwear and consumer electronics. The costs were calculated for one to three years after the tariffs take effect.
What Free Traitors™ want you to believe is that the supply function is static and no new domestic or other foreign suppliers will EVER come on line. Despite their best efforts brand new factories are still being built even in the USA all the time. Again the situation is dynamic and not static. With more domestic and international supply will mean pressure to reduce prices.
* Estimate the total value of the increased price of goods and services after the tariffs are implemented
*******************************************
Assumes businesses and individuals continue to buy the exact same product from the exact same source and that the Chinese don’t “eat” any of the tariff costs. That’s NOT what has happened or will happen.
Money is fungible and can move to producers in other countries (including domestic US producers). And THAT is happening.
Static Analysis. Bogus.