President Donald Trump announced sweeping tariffs earlier this week, and some are set to take effect just after midnight on April 5, but that doesn바카라 게임 웹사이트t mean U.S. consumers will feel the impact right away.Joshua Smith is an associate professor at Trevecca Nazarene University with a Ph.D. in economics and advises undergraduate international business students.He said the effects of the tariffs will not be felt in the first few weeks, but U.S. consumers will start to see an increase in costs in a month or two, especially for perishable goods like raw fruits, vegetables and meat. Processed foods, like beef jerky, are expected to rise in costs a few months from now.바카라 게임 웹사이트Meat prices might go up in beef jerky, and that might take a few months from now because it needs to be processed in the plant and moved through,바카라 게임 웹사이트 said Smith. But what about car prices? Smith said price increases shouldn바카라 게임 웹사이트t be as noticeable in the near term because manufacturers and dealers have likely increased their inventory. Once they run out of parts in a few months, Smith predicts a sharp rise.바카라 게임 웹사이트A lot of their imported products, like the engine components and the tires and the wheels 바카라 게임 웹사이트 those are going to come at an increased cost, and it affects the car manufacturers now, but it will be maybe months or even years down the road,바카라 게임 웹사이트 said Smith.When it comes to the service industry, Smith explained that tariffs won't directly raise labor costs. For instance, the cost of ingredients needed to bake a cake 바카라 게임 웹사이트 like eggs and flour 바카라 게임 웹사이트 will likely increase because of tariffs. But because a large portion of a cake's price comes from labor cost, consumers may not notice the tariff impact as much. Smith also noted that many U.S. imports are not direct consumer products but intermediate goods used in the production of other items. These include products like lumber from Canada, needed for building houses, and electronic components such as microchips manufactured abroad. 바카라 게임 웹사이트That바카라 게임 웹사이트s going to take a really long time to pass through because how long does it take to build a house with lumber? That might be a year, even longer, by the time the ordering goes through, and so it could affect things like the housing market,바카라 게임 웹사이트 said Smith.U.S. producers, facing higher costs for these parts, are likely to pass those costs on to consumers, as has been done in the past, according to Smith. When it does, he said, it could significantly affect the housing market and electronics industry.PHNjcmlwdCB0eXBlPSJ0ZXh0L2phdmFzY3JpcHQiPiFmdW5jdGlvbigpeyJ1c2Ugc3RyaWN0Ijt3aW5kb3cuYWRkRXZlbnRMaXN0ZW5lcigibWVzc2FnZSIsKGZ1bmN0aW9uKGUpe2lmKHZvaWQgMCE9PWUuZGF0YVsiZGF0YXdyYXBwZXItaGVpZ2h0Il0pe3ZhciB0PWRvY3VtZW50LnF1ZXJ5U2VsZWN0b3JBbGwoImlmcmFtZSIpO2Zvcih2YXIgYSBpbiBlLmRhdGFbImRhdGF3cmFwcGVyLWhlaWdodCJdKWZvcih2YXIgcj0wO3I8dC5sZW5ndGg7cisrKXtpZih0W3JdLmNvbnRlbnRXaW5kb3c9PT1lLnNvdXJjZSl0W3JdLnN0eWxlLmhlaWdodD1lLmRhdGFbImRhdGF3cmFwcGVyLWhlaWdodCJdW2FdKyJweCJ9fX0pKX0oKTs8L3NjcmlwdD4=
NEW YORK — President Donald Trump announced sweeping tariffs earlier this week, and some are set to take effect just after midnight on April 5, but that doesn바카라 게임 웹사이트t mean U.S. consumers will feel the impact right away.
Joshua Smith is an associate professor at Trevecca Nazarene University with a Ph.D. in economics and advises undergraduate international business students.
He said the effects of the tariffs will not be felt in the first few weeks, but U.S. consumers will start to see an increase in costs in a month or two, especially for perishable goods like raw fruits, vegetables and meat.
Processed foods, like beef jerky, are expected to rise in costs a few months from now.
바카라 게임 웹사이트Meat prices might go up in beef jerky, and that might take a few months from now because it needs to be processed in the plant and moved through,바카라 게임 웹사이트 said Smith.
But what about car prices? Smith said price increases shouldn바카라 게임 웹사이트t be as noticeable in the near term because manufacturers and dealers have likely increased their inventory. Once they run out of parts in a few months, Smith predicts a sharp rise.
바카라 게임 웹사이트A lot of their imported products, like the engine components and the tires and the wheels 바카라 게임 웹사이트 those are going to come at an increased cost, and it affects the car manufacturers now, but it will be maybe months or even years down the road,바카라 게임 웹사이트 said Smith.
When it comes to the service industry, Smith explained that tariffs won't directly raise labor costs. For instance, the cost of ingredients needed to bake a cake 바카라 게임 웹사이트 like eggs and flour 바카라 게임 웹사이트 will likely increase because of tariffs. But because a large portion of a cake's price comes from labor cost, consumers may not notice the tariff impact as much.
Smith also noted that many U.S. imports are not direct consumer products but intermediate goods used in the production of other items. These include products like lumber from Canada, needed for building houses, and electronic components such as microchips manufactured abroad.
바카라 게임 웹사이트That바카라 게임 웹사이트s going to take a really long time to pass through because how long does it take to build a house with lumber? That might be a year, even longer, by the time the ordering goes through, and so it could affect things like the housing market,바카라 게임 웹사이트 said Smith.
U.S. producers, facing higher costs for these parts, are likely to pass those costs on to consumers, as has been done in the past, according to Smith. When it does, he said, it could significantly affect the housing market and electronics industry.
