Prices will very likely go up for products that are not 100% local.
Some resources for end products are currently mostly imported.
The new tarifs also affect resources and unfinished products.
New trade routes and spinning up local production will take time (likely longer five years) so the consumer will pay a price.
Question is how high it will be.
To purely imported goods (a lot of tech for example): cost will go up substantially.
To Russia:
They are currently in a war economy.
You will likely not really see a collapse coming until it is to late.
Banks have been forced to give far to cheap loans to the arms industry complex which are unlikely to ever pay them back.
This partially masks the true cost of the war.
New trade routes and spinning up local production will take time (likely longer five years) so the consumer will pay a price. Question is how high it will be.
To purely imported goods (a lot of tech for example): cost will go up substantially.
To Russia: They are currently in a war economy. You will likely not really see a collapse coming until it is to late. Banks have been forced to give far to cheap loans to the arms industry complex which are unlikely to ever pay them back. This partially masks the true cost of the war.
Let's so how this proceeds.