So far, “we’ve seen tariffs on imported steel, aluminum, solar panels and washing machines,” he said. But for a large part, shoppers haven’t been heavily impacted yet. “Consumers buy washing machines once every 20 years.”
Vaping products for marijuana, medical or otherwise, are a different story. “It’s hard to predict how people will react,” Ikenson said.
“For those who need it, they don’t have a choice,” said Mary Lovely, a professor of economics at Syracuse University and nonresident senior fellow at the Peterson Institute for International Economics in Washington, D.C., although the devices themselves are only a portion of a medication’s total cost, she added.
President Donald Trump has said tariffs are a good bargaining tool in his pursuit of better trade agreements.
Americans’ views of the new tariffs between the U.S. and some of its trading partners remain divided, although they are more negative than positive overall, according to a new poll of more than 1,000 adults conducted by the Pew Research Center in July.
Nearly half, or 49 percent, of Americans said increased tariffs will be bad for the country while 40 percent said the tariffs will be good for the U.S. Just 11 percent said they are unsure of what the impact will be.
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Source : CNBC
