Trump's win could lead companies to push up prices. Here's why.

[unitedwethrive]

2. Also keep in mind

that many retailers used the COVID supply issues as an excuse for far longer than necessary to keep their prices high. We are still seeing this happening in both actual goods and throughout the service industry. Businesses understand that once consumers get used to paying higher prices, they often don't need to lower them to maintain sales. (Especially in this era of so many monopolies and near-monopolies.) The result is record profits for many businesses that is reflected in top salaries and stock prices, but not passes down to employees or the consumer.

The same thing will happen with the tariffs. Businesses will use it as an excuse to raise prices, likely more than is necessary to cover costs, because after a small adjustment time people will pay it if they want the good or service. It's economics 101 - supply and demand.