… the local clothing shop, the local sporting goods store, the local knickknack store that carries all the candles and all the goodies and funky gifts that you like to buy, Their costs for everything they sell, or most of the things they sell, could go up by 60%. And unfortunately, when you raise your prices again, the Grinch doesn't understand how economics work. (08:04–08:11)
CLAIM
Asserts that tariffs could increase the costs of goods sold by small businesses by 60%.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
