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Cake day: July 1st, 2023

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  • It won’t hit all at once for a lot of different reasons. Retailers’ back stock is not subject to tariff because it has already been imported. Raw material lead times for products assembled in the US will be longer than products imported ready for store shelves. Apple recently made the news for importing planefuls of iPhones the weekend before the tariff was applied. Smaller businesses won’t be able to do stuff like that, but big corporations will have likely done similar things to soften/slow price increases. And, until additional duties go into effect worldwide, lots of companies had already diversified their manufacturing out of China for US-bound products because of the already existing tariffs from Trump’s first term.

    But once the companies have to pay the higher price, so will we all.