Now that Donald Trump’s new tariffs against China are in effect, the question is what will this do to prices in the US. Here’s an article that lists what will probably increase in price the most:
Homes and home renovations
People have been complaining that the cost of iPhones will go up, and they almost certainly will, but the item on this list that surprised me is “beer”. I’m not sure why tariffs against China will impact the cost of beer, but if this is true and it happens before the midterms, the GOP is definitely screwed.
American companies have already announced that the tariffs would likely force them to raise prices, including Walmart, Gap, Coca-Cola and General Motors.
Also published on Medium.