this post was submitted on 27 Apr 2025
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when price of other tariffed products, equipment, staff salary goes up. It means your expenses are more even if your business is not affected by tariffs. ie prices will go up even for non-tariffs items.
Imagine if trump only tariffed imported chicken, but my business is selling pen and pencils which are not tariffed, I would still have to raise prices of pen and pencil because the price of my food just went up, I would need to make more money to eat chicken meat and have the same purchasing power . No one is going to reduce their income/profit/salary/purchasing power in fact people will take advantage and increase.