There is no way to know if price increases are due to tariffs or the strong economy which allows retailers to raise prices due to demand.
It is doubtful an increase in tariffs would be passed along to consumers in its entirety. There is still competition which must be dealt with so far more likely the importer, the wholesaler, the retailer and possibly the customer would share in the increase. Then we have inflation which also adds to the pricing.
There are no tariffs on goods produced in America and since the tax reform many foreign countries are setting up production here to take advantage of the tax break and to avoid tariffs. One of them is Samsung another is LG.
These factories re bringing 1000’s of jobs to America.
It might be more correct to say we don't know if price increases are due solely to the tariffs. I agree that there are other factors that play into pricing, but it's certainly a given that business will pass on cost increases when they can. And there is no reason for them to eat the cost of a tariff. It will be passed on to consumers.
It is doubtful an increase in tariffs would be passed along to consumers in its entirety. There is still competition which must be dealt with so far more likely the importer, the wholesaler, the retailer and possibly the customer would share in the increase.
But since competition is faced with paying the same tariff then there is no incentive for an importer to eat even a part of the cost.
There are no tariffs on goods produced in America and since the tax reform many foreign countries are setting up production here to take advantage of the tax break and to avoid tariffs. One of them is Samsung another is LG.
But only if they can produce their goods less expensively hear than in Korea. Both Samsung and LG are talking about manufacturing their high-end products here. Products that already sell for a premium and which only form a small part of their overall product line. The bulk of their product will still be manufactured overseas.