Operator of The Market Ticker - reporting since 2007!
@CNBC STOP LYING. A pair of "canvas shoes" that sells for $50 and has a 10% tariff will not go to $59. Why? Because the tariff isn't on the RETAIL price, it's on the price AT THE MANUFACTURER. Typical retail markup is 200-300%. In short, tariff will be ABOUT $1 in price