A lot of folks whose opinions I respect have been saying that the Trump admin tariffs against China will simply impact our lives in the form of increased prices.
I have maintained otherwise. I have consistently said the imposition of tariffs will create structural changes in the way American importers source and deliver goods to the US economy; and, they will change the way individuals buy/boycott Chinese goods.
As a personal example, I no longer buy any Chinese goods. None. I check everything to see where it was made. Made in China? Adios!
Now, we are seeing the truth of that. I was right. <<< Obnoxious utterance ALERT!
Allow me to rub your nose in it, may I, please?
Comes now the story of the American dollar store industry in the specific exemplars of Dollar General and Dollar Tree who were literally created by their ability to access low cost foreign made goods and to sell them to a slice of America who not only wants a bargain, but desperately needs one.
These stores are ground zero when it comes to selling foreign sourced goods. They are the canary in the mine shaft. The canary has begun to sing.