Summary
Consumers may face a 20% rise in prices for staples like food, drink, electronics, and chemicals in 2025 due to global supply chain disruptions, Middle East tensions, and rising shipping costs, according to the Chartered Institute of Procurement and Supply (CIPS).
Threatened U.S. tariffs under a Trump administration could further inflate costs, with proposed 10%-60% levies on imports potentially sparking retaliation.
Re-routing shipping around conflict zones and U.S. port worker strikes add to delays and expenses.
Experts warn these issues will disproportionately burden consumers unless mitigated effectively.
Not looking forward to the next 4 years.
4 more years of massive deficit spending (tax cuts for the rich, bullshit trickle down economic theory), more money flowing to the billionaire class, public services getting decimated in funding, and regulatory agencies already knee capped with SCOTUS overturning “Chevron deference”.
These tariffs (or threats of tariffs) only stand to benefit billionaires and companies. As we learned during pandemic, companies often increased the cost of items even though the internal supply chain was not actually impacted. It was a way to squeeze consumers under the guise of “supply chain issues”.
Only 4? I feel like it’ll be felt for at least a decade or more.