Consequences and Screams into the Void
Many Americans are still in denial of what this election is. To be short, it’s epochal. The age of globalization is over, and it is now a multipolar world. However, I get why a lot of people voted for Donald Trump. Part of it is they forgot how bad it was the first time. It was a traumatic event, especially after the pandemic started. So I get it.
To those who voted for Trump for those reasons. It’s hardly unprecedented in human history, and personal economies are what they are. Hold my beer. And dang it, that beer will go up quite a bit. It’s the aluminum in the can, ok.
It’s the expected tariffs. I will have something to say about the media later because this story is a dollar short and a day late:
As President-elect Donald Trump readies to return to the Oval Office, U.S. retailers that depend on foreign suppliers are prepared to pass along the cost of his proposed import tariffs to consumers, potentially leading to higher prices for a range of products.
Americans stand to lose between $46 billion and $78 billion in spending power each year on products including apparel, toys, furniture, household appliances, footwear and travel goods due to the new tariffs, the National Retail Federation stated in findings released Monday.
“Retailers rely heavily on imported products and manufacturing components so that they can offer their customers a variety of products at affordable prices,” NRF Vice President of Supply Chain and Customs Policy Jonathan…