I have a running theory that many companies are eating the cost for now because it has become political. The current administration has already attacked companies for stating the negative effects of the tariffs. I think many major firms are waiting for their competitors to buckle first then raise their prices. Then they can say they are following the industry trend.
We can add "political pressures" to our economics list of reasons for prices to be sticky!
That is a really issue in today’s climate.
I have a running theory that many companies are eating the cost for now because it has become political. The current administration has already attacked companies for stating the negative effects of the tariffs. I think many major firms are waiting for their competitors to buckle first then raise their prices. Then they can say they are following the industry trend.
Yes, this is a plausible concern.
Indeed….eventually someone pays….