It Is Happening Every Day, Every Where
A trade war with China and tariff threats on other countries are ramping up pressure on stores that sell products from overseas — which, for some categories, is just about all of them.
The loophole has allowed retailers to send goods from China directly to U.S. shoppers without paying tariffs. Closing it could raise consumer prices.
President Trump has offered a confusing mix of reasons for upending global trade relations, leaving America’s biggest trading partners baffled and angry.
Price increases when demand exceeds supply are textbook economics. The question is whether, and how much, the pandemic yielded an excess take.