Qs Laptop
Thinks s/he gets paid by the post
- Joined
- Mar 11, 2018
- Messages
- 4,606
We have another thread about examples of inflation so I thought I might as well start this thread.
It might be difficult to determine if price hikes are from tariffs or are just price gouging given the current retail market climate. It would be best to try to ascertain the country of origin of any product you list as an example of tariff prices hikes before you post your example.
It's likely that groceries would be the first products to be hit with price increases due to tariffs, since they have a shorter shelf life than manufactured goods.
Let's take coffee as an example. Coffee from Brazil and Columbia has a 10% tariff; coffee from Indonesia has a 32% tariff; coffee from Vietnam has a 46% tariff. You might not see an increase in price from Brazil and Columbia coffee due to tariffs. When tariffs are somewhat low, like 10%, the grower and the importer may absorb any tariffs and not pass it along to the consumer. However, this is unlikely with a 32% or 46% tariff, especially if they stay in effect for months.
It would be nice if your examples included the previous price you paid for something before the tariffs were imposed alongside the new prices.
(Notice I refrained from using the word "slap" when it comes to describing the imposition of tariffs. Why are tariffs always "slapped on"?)
It might be difficult to determine if price hikes are from tariffs or are just price gouging given the current retail market climate. It would be best to try to ascertain the country of origin of any product you list as an example of tariff prices hikes before you post your example.
It's likely that groceries would be the first products to be hit with price increases due to tariffs, since they have a shorter shelf life than manufactured goods.
Let's take coffee as an example. Coffee from Brazil and Columbia has a 10% tariff; coffee from Indonesia has a 32% tariff; coffee from Vietnam has a 46% tariff. You might not see an increase in price from Brazil and Columbia coffee due to tariffs. When tariffs are somewhat low, like 10%, the grower and the importer may absorb any tariffs and not pass it along to the consumer. However, this is unlikely with a 32% or 46% tariff, especially if they stay in effect for months.
It would be nice if your examples included the previous price you paid for something before the tariffs were imposed alongside the new prices.
(Notice I refrained from using the word "slap" when it comes to describing the imposition of tariffs. Why are tariffs always "slapped on"?)