I'm no economist and my financial acumen is, as my partner would tell you, suspect. But I fundamentally understand one thing: if you charge companies more to make or ship products, they will not eat those extra costs and will instead serve them to you like so much overcooked gruel.
With Former President Donald Trump now officially President-Elect in the US and set to take office on January 20th, he will surely fulfill a key campaign promise: import tariffs of between 12% and 60%. On the bleeding edge is China, which is expected to suffer through the most draconian 60% tariff structure.
