One client (who owns their own factory) was told the worst case scenario for Trump’s Trade War (at the time) was a 33% price increase.
EMARKETER reports potential impacts like:
auto prices could rise as much as $12,000
&
an extra $3,300 or so to annual expenses for a family of four
&
43% of people are already seeing tariff related price increases
And of course tariffs beget tariffs.
Who knows where Trump’s Wheel of Trade War stops spinning, but consumers will pay.