Trade wars are good and easy to win. Unless you're one of those unholy freaks who... buys stuff:
The tariffs enacted last week will push prices higher for tool sets, batteries, remote controls, flash drives and thermostats, the NRF said in a statement last week.
"And students could pay more for the mini-refrigerator they need in their dorm room as they head back to college this fall," the group said.
Tariffs on Canadian lumber are adding about $9,000 to single-family home prices and more than $3,000 to multifamily homes, Randy Noel, chairman of the National Association of Homebuilders said last month.
Some companies can shield themselves, for now, with long-term contracts already in place for materials. Lennar (LEN), a major publicly traded U.S. homebuilder, said on a June 26 earnings call that it's protected by its existing national contracts from most rising costs tied to tariffs, like an increase of "a few hundred dollars per home" in steel bars used to reinforce concrete.
"To a lesser extent, there are some minor increases in products such as garage doors, screws and nails," Chief Operating Officer Jon Jaffe told investors.
Whirlpool (WHR) is hiring 200 more workers and praised the initial tariffs that went into effect in January, citing its long-running battle with Korea's LG.
But by April, the price of washing machines was up 9 percent, according to the U.S. Bureau of Labor Statistics. In May, prices climbed 6 percent. Both are the biggest jumps since the BLS started collecting statistics in 1977, according to the Washington Post.
Buyers in the U.S. will soon see price hikes on computers, phones, thermostats and "everyday items," according to the Information Technology Industry Council, a group that represents tech companies.
Much more at the link, unfortunately.