

Depends on the items. Some things have tight enough margins that they’ll have to be raised.
I expect some companies will try to cut costs by cannibalizing themselves in the short term by cutting workforce. Nobody intends to report to their shareholders that profits are down.
Someone made that point w/ autos, and I pointed out that even though by any standard of individual wealth they’re exorbitant, they still only work out to a couple dollars per unit. A 20% teriff on aluminum and steel would still obliterate per-unit savings if the c-suite stopped being paid at all.