NBC’s Jackson: Economists Predict Inflation Could Tick Up Nearly a Percent, if Trump Tariffs Go into Effect

GEIST President Elect Donald ░░░░░░░░ s plan for new ░░░░░░░░ on goods from Mexico ░░░░░░░░ and China sparking concern ░░░░░░░░ some U S industries ░░░░░░░░ News Senior Washington Correspondent ░░░░░░░░ Jackson reports on how ░░░░░░░░ are bracing for the ░░░░░░░░ impact Clip starts Jackson ░░░░░░░░ over The day after ░░░░░░░░ election Deer Stags owner ░░░░░░░░ Muskat called his shoe ░░░░░░░░ in China to stockpile ░░░░░░░░ they could send before ░░░░░░░░ Day and before long ░░░░░░░░ Trump tariffs kick in ░░░░░░░░ We would take everything ░░░░░░░░ could get us to ░░░░░░░░ before Chinese New Year ░░░░░░░░ That move may be ░░░░░░░░ in time with President ░░░░░░░░ Trump now announcing on ░░░░░░░░ first day in office ░░░░░░░░ just a 10 percent ░░░░░░░░ tariff on China but ░░░░░░░░ 25 percent tariffs on ░░░░░░░░ imported from Mexico and ░░░░░░░░ America s two biggest ░░░░░░░░ partners Online Mr Trump ░░░░░░░░ it s retaliation for ░░░░░░░░ fentanyl entering the U ░░░░░░░░ Those countries deflecting blame ░░░░░░░░ the president elect referencing ░░░░░░░░ coming from Mexico and ░░░░░░░░ Trudeau I had a ░░░░░░░░ call with Donald Trump ░░░░░░░░ night again We talked ░░░░░░░░ some of the challenges ░░░░░░░░ we can work on ░░░░░░░░ JACKON Mr Trump s ░░░░░░░░ could blow up the ░░░░░░░░ agreement he himself helped ░░░░░░░░ in his first term ░░░░░░░░ We got it done ░░░░░░░░ And could be challenged ░░░░░░░░ court Remember tariffs are ░░░░░░░░ tax on things other ░░░░░░░░ send here and those ░░░░░░░░ countries don t pay ░░░░░░░░ tax directly It gets ░░░░░░░░ down to companies instead ░░░░░░░░ often to you The ░░░░░░░░ S relies on both ░░░░░░░░ and Mexico for cars ░░░░░░░░ car parts from Chevy ░░░░░░░░ to Chrysler minivans So ░░░░░░░░ auto industry now bracing ░░░░░░░░ a blow including in ░░░░░░░░ like Michigan which Mr ░░░░░░░░ won Mexico supplies more ░░░░░░░░ half the fruits and ░░░░░░░░ coming into the U ░░░░░░░░ meaning your grocery bill ░░░░░░░░ rise too Already economists ░░░░░░░░ inflation could tick up ░░░░░░░░ a percent if these ░░░░░░░░ go into effect And ░░░░░░░░ s still an if ░░░░░░░░ Mr Trump has used ░░░░░░░░ threat of tariffs as ░░░░░░░░ negotiating tactic before But ░░░░░░░░ he follows through PAEZ ░░░░░░░░ re a small business ░░░░░░░░ we can t afford ░░░░░░░░ carry all those costs ░░░░░░░░ The owners of this ░░░░░░░░ pet store worry about ░░░░░░░░ to charge their customers ░░░░░░░░ because the shop would ░░░░░░░░ more for imported harnesses ░░░░░░░░ toys Jones NAPIER There ░░░░░░░░ a point at which ░░░░░░░░ consumer is going to ░░░░░░░░ you know this isn ░░░░░░░░ in my family s ░░░░░░░░ We can t do ░░░░░░░░ Clip ends GEIST Hallie ░░░░░░░░ reporting there. Meanwhile —“