Reported about 13 hours ago
President Trump's proposed tariff strategy is predicted to raise consumer prices in the US, with BMO Capital Markets' Simeon Siegel asserting that tariffs will be viewed as just another cost by consumers. He argues that the focus should be on the specific products affected rather than the countries imposing tariffs, as consumers are unlikely to accept all price increases. Siegel highlights the importance of distinguishing between consumer wants and needs, suggesting that retailers may struggle to justify higher prices due to tariffs.
Source: YAHOO