>>512119921 (OP)You increase the price by 25%, the consumer pays the extra cost as the retailer recoups his losses. Eventually the consumer has to reevaluate what expenditures are really necessary. Leisure and entertainment are the first unnecessary expense. Cinemas suffer, bars and restaurants lose business, vacations are cut short or put off. Rental companies, hotels, tourist economies fail. TV and streaming services get cut, more job freezes and job losses- more people cutting expenses as a result, on and on.
Next is putting off big ticket purchase: appliances, home upgrades and repairs. Tariffs have made this crap too expensive this year; maybe next year. Another 50k jobs lost in construction as a result. Forget luxury brands and that new car, can barely afford housing as prices inflate as less homes are manufactured (tariffs on material for manufacturing). Oh oh, daddy got “doged” ! No college for you. No one is hiring due to hiring freezes caused by the uncertainty of the tariffs.
Brown outs in the NorthEast. Yeah, Canada supplies a lot of electricity to the US but tariffs are making it difficult to continue doing so.
Spoiler alert: the tariffs have only now kicked in as of August 1 and we are only on day 3….