Are tariffs helping American companies at consumer expense?

Are tariffs helping American companies at consumer expense?

I saw a local news segment where a manager from Whirlpool Corp. was saying how the tariffs are great for his company because they are leveling the playing field. His opinion is based on the fact the tariffs will increase the costs of foreign products, thus putting them at the same higher price range as their American competitors. In case he didn’t notice, prices are skyrocketing with no end in sight. I think it’s despicable that U.S. firms want …

Consumers Likely to Pay Two-Thirds the Expense Cost of Tariffs, S&P Says

Businesses are facing a $1.2 trillion tariff-related expense burden this year, and companies are likely to pass on two-thirds of that cost to consumers, according to S&P Global. The post Consumers Likely to Pay Two-Thirds the Expense Cost of Tariffs, S&P Says appeared first on Global Economic Report.