The analysts wrote in a note on Friday that consumers have covered about 50% to 70% of the cost of tariffs to date.
    • jballs@sh.itjust.worksEnglish
      36·
      11 days ago

      There actually was something in the article that surprised me:

      The analysts also said consumers have paid for about 50% to 70% of the total tariff cost to date.

      I was shocked it wasn’t 100% to 120%. The fact that any businesses are shouldering even a portion of the tariffs is incredible. I fully expected them to go “Oh tariff is 50%? Better charge the consumer 60% just so we get our cut.”

      • Steve@startrek.website
        29·
        11 days ago

        Theres a game of chicken going on. Try to hold out until the illegal tariffs are refunded so you dont lose customers.

        • snooggums@piefed.worldEnglish
          12·
          11 days ago

          Yup, and if they are rescinded the companies get to double dip as they get the tariffs back and don’t have to share the refund with customers.

        • arrow74@lemmy.zip
          11·
          11 days ago

          Don’t forget classic market pressure. Consumers were already struggling, if your product goes up too much many simply can’t buy it

      • mrgoosmoos@lemmy.caEnglish
        2·
        11 days ago

        I wonder if it is by item or by dollar value. I imagine smaller businesses are often more likely to shoulder the burder of the tariff than larger, because they are more reliant on customer satisfaction. I’m talking out of my ass, though

  • Taldan@lemmy.world
    31·
    11 days ago

    The fact there is even a discussion around it is wild to me. Of course tariffs would raise consumer prices. That’s how they work

    • ameancow@lemmy.worldEnglish
      6·
      10 days ago

      There’s overwhelming evidence that our leadership is criminally corrupt. There is overwhelming evidence the Earth is not flat and all of our scientific models are accurate. There is overwhelming evidence of human-created climate change. There is overwhelming evidence that vaccines do not cause autism. There is overwhelming evidence that science and fact based education about sexuality in school prevents pregnancy, reduces teen suicides and prepares people for the world. There is overwhelming evidence that the covid vaccine works, is safe and prevented countless deaths. There is overwhelming evidence that racial diversity and integration reduces racism broadly and creates safer, happier communities. There is overwhelming evidence that Israel has been committing genocide against a civilian population.

      I’m tired boss.

  • Ice@lemmy.world
    26·
    11 days ago

    …yes, that is the purpose of tariffs. Raising prices on imported goods until they become so expensive that local goods are competitive. This automatically increases consumer prices. It causes a huge shock upon introduction and over time it (in theory anyway) should promote domestic production by undercutting foreign competition.

    • credo@lemmy.world
      5·
      11 days ago

      Trump will take his sharpie and change their name to Bank of Mexico, then start an investigation into BoM’s history of funding Antifa.