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In reply to the discussion: Just saw where Mark Cuban is telling people [View all]Mike 03
(18,329 posts)I take these tips (depending upon the source) seriously. Even though I had reached what I thought was a stopping point for stocking up, after yesterday's presser I broke my own rule and ordered some additional supplies.
The prices on products not directly impacted by tariffs will rise too, especially if it falls within a category of items in which popular competitors ARE under tariff, regardless of whether or not we continue to import them. Less competitive pricing means producers can raise prices arbitrarily. And higher prices on tariffed goods means competitors, likewise, can raise their prices without the prices looking suspiciously high, because the price is still less than the similar items from China, Europe, Viet Nam, Japan, Malaysia, etc...
We even might see the manifestation of new monopolies (probably temporary).
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