The renegotiation of trade agreements and/or the use of tariffs could result in consumer prices for goods and services increasing dramatically. Unfortunately, this would probably have a greater negative effect on poorer Americans than on richer Americans. It will be interesting to see if there will be a role for wage subsidies, tax credits and retraining programs for those Americans who will have seen their jobs displaced by automation or globalization. Whatever scenario plays out, small and medium sized businesses which offer products or services directly to consumers will have to provide ever increasing creative financing for their customers, as consumer prices are bound to increase as tariffs are employed and as trade agreements are negotiated.
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