Impact of Tariffs on Consumer Goods

The potential implementation of tariffs under President-elect Trump's economic policy raises significant concerns about increased costs for consumers. Ingredients commonly used in products, such as chocolate chip cookies, are sourced globally, with many imported goods facing proposed import fees. Economists generally agree that such tariffs will likely lead to higher retail prices, impacting everyday items including electronics and apparel. Consequently, consumers may experience inflationary pressures as these additional costs trickle down through the supply chain.