WLT Report M Winger
President Trump’s new tariffs are sending companies scrambling.
They don’t know what to do now.
They want to keep their $100s of billions in profits. So, instead of paying the tariffs, and only making $99 billions in profits, they’re handing you the bill by raising prices, so we’re paying the tariffs (sort of.). The real goal is to get manufacturers back to the USA.
In the meantime, we’ll experience a short season of increased prices. But….
But does greed play a role?
Are companies using these tariffs as a reason to play the victim card?
They’ve been blaming cost hikes on tariffs since before “Liberation Day” rolled around.
On April 2, a 10% baseline tariff hit most imports.
By April 16, China was facing up to 245% on select goods, and autos took a 25% hit.
And with tariffs, corporations also have the excuse of inflation.
If any of them practice price gouging on top of it, will customers even notice?
Remember when food prices would go up around $0.40 once a year?
Business Insider reports:
Companies are expected to raise prices in response to President Donald Trump’s slew of tariffs.
While firms raise prices for many reasons, some were blaming hikes on tariffs long before Trump’s so-called “Liberation Day.” On April 2, he announced a 10% baseline tariff on imports from most countries, except Canada and Mexico. China faces even higher rates of up to 245% on some goods, the White House said on April 16. Autos are another area of focus after Trump announced a 25% tariff on all car imports into the US…
READ FULL ARTICLE HERE… (wltreport.com)
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