Economists broadly dislike tariffs, saying they tend to increase prices for consumers — a likelihood that many company executives are already warning of.
The new slate of tariffs Trump calls for would be much steeper and more far-reaching if fully implemented.
“In his first term, President Trump instituted tariffs against China that created jobs, spurred investment and resulted in no inflation,” Trump transition spokeswoman Karoline Leavitt said in a statement.
Angie Chua, founder of Bobo Design Studio, is considering adding a line item to show customers how tariffs affect her prices.
How do you even forecast for that?”Hadley Douglas, left, pictured with her husband, TJ Douglas, said steep tariffs could drive small wine distributors out of business.
Persons:
they’d, Trump, Karoline Leavitt, “, Chris Smith, Smith, He’s, Angie Chua, Bobo, Kristina Bumphrey, Chua, ”, ” Chua, doesn’t, ” Hadley Douglas, TJ Douglas, John Tlumacki, Hadley Douglas, Douglas, ” Douglas, Joe Hakim, he’s
Organizations:
NBC, Trump, “, Virginia Beer Company, Bobo Design, Bobo’s, Boston Globe, Getty, Boston, U.S . Chamber, Commerce’s Small Business Council
Locations:
China, Williamsburg , Virginia, Palm Springs , California, Boston, Redford , Michigan