Nearly all of the replacement parts on the shelves inside Fred Billeh's Warehouse in Chicago came from the countries facing new #tariffs. He estimates his warehouse carries "millions" of parts.
The INSUR Information Institute had already forecast premium increases this year of about 7%, & that was before the new tariffs.
"The impact of the tariffs will create a "ripple" effect, with tariffs today being felt in 12 to 18 months.
#Inflation #Trumpcession #Economy #USPol https://www.cbsnews.com/news/trumps-tariffs-will-raise-car-insurance-rates-experts-say/