The phrase encapsulates a possible consequence of tariffs applied throughout the Trump administration. Elevated import taxes can result in larger costs for items, together with meals. Consequently, shoppers could also be compelled to scale back consumption to handle family budgets.
Understanding this dynamic is essential for assessing the broad financial impression of commerce insurance policies. Traditionally, tariffs have been used to guard home industries, however they will additionally end in elevated prices for shoppers and companies that depend on imported supplies. Analyzing the results on meals costs supplies perception into the real-world implications of such insurance policies.
