From what I’m reading, the troubles should start to pick up now; harbors being quieter, truckers not having work, … Are any shortages noticeable yet?
ETA:
Source: https://paulkrugman.substack.com/p/trump-is-a-virus
Businesses have been filling their inventories. That’s ending now. Economic pain in terms of job losses should accelerate now. It will still take up to a few weeks before inventories run empty, and the full impact hits consumers. Even a full reversal of Trumpism couldn’t prevent knock-on effects that last into next year.
Most importantly stock up on toilet papers to resell for massive filthy profits, take advantage of filthy buts!! With that money you can send your children through college and save lives and end world hunger! even fund research to cure cancer!!.
A lot of toilet paper is actually manufactured in the US which is why us shutting things down during Covid impacted supply so much, the tariffs won’t impact TP since it’s domestic production.
when price of other tariffed products, equipment, staff salary goes up. It means your expenses are more even if your business is not affected by tariffs. ie prices will go up even for non-tariffs items.
Imagine if trump only tariffed imported chicken, but my business is selling pen and pencils which are not tariffed, I would still have to raise prices of pen and pencil because the price of my food just went up, I would need to make more money to eat chicken meat and have the same purchasing power . No one is going to reduce their income/profit/salary/purchasing power in fact people will take advantage and increase.