The Impending Economic Impact of Tariffs

Upcoming tariffs, particularly those related to China, are expected to increase prices significantly as companies prepare for changes in production and trade policies. A notable example includes the CEO of Steve Madden indicating plans to shift production out of China in response to anticipated tariffs under the current administration. This change reflects a broader concern among businesses about rising costs and the potential impact on consumers. The conversation underscores the uncertainty surrounding trade relations and the economy as new policies take shape.