“We’re a margin-based business. [If] our prices go up, well, guess what — it’s going to pass on to the customer. It’s going to trickle down to them eventually.”
KENTUCKY, USA — Universal tariffs could be coming America’s way if President-elect Donald Trump gets his way when he takes office.
It’s a primary focus of Trump’s economic agenda to increase manufacturing in the country and support domestic job growth.
There is concern the customers will bear the brunt of this, and many economists like University of Kentucky economics professor Ken Troske have sounded the alarm.
“Yeah, you’ll see growth in employment in some industries, but it’ll be far offset by the decline in employment in these other industries that scale back — because now I have less money to spend on services,” Troske told WHAS11 on Monday. “We’ve had paper after paper after paper after paper that have shown, ‘Hey, …