US will bear cost if imposing 10% tariffs on Chinese goods, as tariffs fuel inflation: experts

It's really important that companies talk about the real impact on consumers,

said Ghori-Ahmad

Warehouse costs are folded into the price of a product. In the end, the consumer will pay,

Brashier said

A lot of those [infrastructure/construction] budgets were made two or three years ago, and an additional 20% in cost could blow those budgets out of the water,

Brashier said

The importer pays the tariff,

Muskat said

We'll increase our price,

Muskat said

When it comes to the impact of tariffs, companies are very granular and they're very concrete,

said Josh Teitelbaum, senior counsel of Akin, which has been advising his clients to prepare for swiftness with President Trump's tariff plans and not get bogged down in debates over the efficacy of tariffs as economic policy

The amount of importing that's necessary to feed the supply for the United States is pretty evident,

Kevin Stupfel, president of the family-owned company

They're not interested in academic questions about what the principles are and whether or not this specific tool can be theoretically justified to use this particular tariff. They want to know when is it going to impact me and by how much and which products,

said Teitelbaum, who was involved in the structuring of the Trans-Pacific Partnership, a trade deal that President Trump pulled the U.S. out of during his first time in office

I don't know what'll happen,

said Rick Muskat, president of the family-owned shoe retailer Deer Stags, which imports around two million shoes a year, with about 98% of their men's and boy's shoes made in China and sold in Macy's, Kohl's, JCPenney, and on Amazon

It's a lose-lose scenario for all four sides. The US will also bear the cost, as higher tariffs fuel inflation, raise living expenses, and make it harder for the government to maintain control the situation,

Lü said

This is an escalation of US protectionism with no clear economic justification, driving up costs for consumers and businesses while disrupting global supply chains,

Zhou Mi, a senior research fellow at the Chinese Academy of International Trade and Economic Cooperation, told the Global Times on Saturday

If the tariff order takes effect, it will negatively impact all three countries – China, Mexico, and Canada – key US trading partners. Chinese investments in Mexico and Canada will also be affected,

Lü Xiang, an expert on US studies and research fellow at the Chinese Academy of Social Sciences, told the Global Times on Saturday

There may be temporary, short-term disruption, and people will understand that,

Fox news said citing Trump in the Oval Office on Friday

The prices on a lot of things that people buy at retail — apparel, footwear, household goods – things like that will be affected. Ten percent is not huge, but it's not zero either,

Reinsch said

I would be surprised if you see a renaissance in the American apparel industry as a result of a 10% tariff. It would take a lot more than that,

Reinsch said,

The main purpose of increasing tariffs is to assure that America is truly ‘America First’ and protect American jobs. If you are looking for a job, they are beneficial to you. If the tariffs are increased, Chinese products will lose their competitiveness, and American products will become more competitive. This will make it easier for Americans to find jobs,

Liu said

I’m concerned about rising prices,

Yon Bui, a student of music and computer science at Middlebury College in Vermont, said in an interview Thursday

A tariff strategy can be implemented in such a way that the cost largely falls outside of the country,

Galbraith told VOA

The theory on paper is that you're giving domestic producers an advantage. The reality in practice is that more people are paying higher prices for products, regardless of their source,

Lamar told VOA

They don't want them, and I'd rather not have to use it,

Trump said