There's something called producer surplus. None of the price increases were due to increased costs, they were were all due to corporations profit-taking (collusion to price fix by economic cartels). Walmart marks up clothes 400% because it sets prices to what the consumer can tolerate. Tariffs will be eating into producer surplus for most goods, and into consumer surplus for others.
There's something called producer surplus. None of the price increases were due to increased costs, they were were all due to corporations profit-taking (collusion to price fix by economic cartels). Walmart marks up clothes 400% because it sets prices to what the consumer can tolerate. Tariffs will be eating into producer surplus for most goods, and into consumer surplus for others.