Marketplace Who pays for tariffs?
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Jul 14, 2025 John Morgan, a writer for the Baltimore Banner, joins to discuss the implications of housing covenants and their discriminatory legacy. He highlights efforts in Maryland to amend outdated deeds, shedding light on historical injustices still affecting today's housing market. The conversation also navigates the dilemma companies face with tariffs. Should they absorb costs or raise prices? Morgan offers insight into the mixed strategies businesses are employing amid rising consumer prices and the economic ripple effects of current tariff policies.
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Tariffs' Impact on Inflation
- Tariffs have not yet strongly pushed consumer prices up because many companies absorbed costs or stockpiled inventory.
- Prices of imported foods and core goods like cars and electronics are key indicators economists will watch.
Importer Faces 5% Tariff Increase
- Ken Gidden negotiated with Italian suppliers who suddenly increased prices by 5% due to tariffs, despite prior agreements.
- He is reluctant to pass costs to customers and may end seasonal deals if disagreements persist.
Managing Tariff Costs With Customers
- Baking tariff costs into base prices can prevent customer backlash from seeing a separate surcharge line item.
- Transparency about tariffs helps manage expectations and is more acceptable when surcharges are steep.