The real cost of tariffs

One does not have to be a wizard with numbers to realize that tariffs were affordable at 1.5% on goods from Europe for many years. POTUS was considering a 30% tariff before he talked with VIPs from across the pond in the last few days while golfing at his luxurious course in Scotland.

Trump dropped his original tariff plan from 30% to 15%. He also added 50% to steel and aluminum imports. If you buy a European good at a retail store, the 15% tariff will still be 30% because of the typical mark up. That $200 sweater yesterday is now going to be $260. Likewise, steel and aluminum will retail out at 100% higher. Reread all of this if you need to.

– Sally Florence, Durango