But the economy runs on vibes, and even if the prices aren’t higher, the loss of de-minimis has made “retail therapy” less appealing. Some foreign shops just gave up selling to Americans, and for those that do, people don’t want to buy some cheap item and worry that UPS is going to demand 50% more in tarrifs plus some outlandish processing fee.
Yeah, buy American, but not all products are sold domestically.
US rates of inflation are similar to nations not engaged with tariffs against China: https://www.cfr.org/tracker/global-inflation-tracker
But the economy runs on vibes, and even if the prices aren’t higher, the loss of de-minimis has made “retail therapy” less appealing. Some foreign shops just gave up selling to Americans, and for those that do, people don’t want to buy some cheap item and worry that UPS is going to demand 50% more in tarrifs plus some outlandish processing fee.
Yeah, buy American, but not all products are sold domestically.