With all the abstract talk in the news about tariffs and the trade war with China, it’s too easy for us everyday consumers to change the channel and not give it a second thought. In reality, however, we’re the ones who suffer. As Chief Merchandising Officer at CarParts.com, I’ve seen first-hand how hard these additional costs hit customers. In a piece I wrote for The Hill, I felt it was important to look at the numbers from a perspective that may very well hit home for most:
“… JP Morgan estimates the average American will pay an additional $1,000 because of the trade war—and remember, that’s 2.5 times the $400 emergency that 40 percent of Americans already cannot afford… Tariffs are not abstract, and they are not distant. Their victim is likely a mom who must keep her 12-year-old Chevy Malibu on the road so she can drop off the kids at school and go to work. She cannot afford a $1,000 surprise.”
Read the full article here.