tariffs were lowered during the biden administration; they will be raised again under trump. the business community plans to pass the cost of raised tariffs on consumers, as they do all things.  the good news is that the price-hike crisis will continue regardless, since companies are now in a limited state of competition and have realized they can simply gouge consumers who have fewer and fewer options. competition might drive innovation, but it also costs resources; everyone raising prices at the same time might end society when the population has no more money left to give, but it will yield a great bottom line in the short term.
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