Even without inflation due to imports, wait until everyone finds out how much even American made stuff costs more due to increased borrowing costs and reduced investment.
Then you’ll have the lack of competition and the actual underlying inflation.
I’m in Australia, which is expensive. I’ve had multiple people come back from trips to USA shocked at how expensive it all is…USA used to be relatively cheap due to cheap labour and competition. Not so much any more.
Even without inflation due to imports, wait until everyone finds out how much even American made stuff costs more due to increased borrowing costs and reduced investment.
Then you’ll have the lack of competition and the actual underlying inflation.
I’m in Australia, which is expensive. I’ve had multiple people come back from trips to USA shocked at how expensive it all is…USA used to be relatively cheap due to cheap labour and competition. Not so much any more.