This article gets into some of the effects that the “common man” will have to deal with due to the tariffs that Trump has decided to impose. Walmart had sent him a letter asking him to walk back the tariffs as it will result in increased prices to consumers. This means you and I will have to pay more at the register for certain goods.
Sometimes it is because the goods themselves come from target countries. Sometimes it is due to components needed to manufacture certain goods will come from target countries. The net effect is clear for the common man though - higher prices, thus lower disposable income (unless additional income streams are found for the individual). The kicker: this is coming as retailers start gearing up for the Christmas shopping season. Merry Christmas everyone!