Tariffs Impact US Shoppers
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unilateral tariffsChristian Science Monitor
•Business
Business & Economics
Empty shelves? Tariffs are about to hit US shoppers in a variety of ways.
78% Informative
Tariffs are like a slow-motion wave, and when it breaks, people will experience things like higher prices and out-of-stock items.
Even a major reversal on tariffs may not come in time to avert near-term shortages, since global trade has already been disrupted.
The surge in pretariff imports caused the U.S. economy to contract in the first quarter .
The last time shoppers confronted empty shelves was in 2020-21 , when pandemic restrictions sharply restricted the available supply of goods.
Diversified retail chains are better equipped to navigate supply shocks than specialty retailers, such as baby supply stores.
Retailers have technology to manage pricing and product range, but it only goes so far.
The greater pain will be felt by small companies that source their products from China .
“If Donald Trump doesn’t move quickly, it’s going to come in too late,” says Mr. Berman . Nobody wants to buy a Halloween costume on Nov. 1 ..
VR Score
79
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