The effects of restrictions on shipping in the Red Sea and Panama Canal are being felt around the world. Global trade is under immense strain amid rising freight costs.
The imagination that prices would skyrocket is naive, I think. Yes, there could be a period of high prices, and people would buy less, and more focused on what we need (in the specific case of extreme import cut-off), but the import tax is already around 20%, if it was manufactured in Europe, that is already going directly into the profit margins.
The imagination that prices would skyrocket is naive, I think. Yes, there could be a period of high prices, and people would buy less, and more focused on what we need (in the specific case of extreme import cut-off), but the import tax is already around 20%, if it was manufactured in Europe, that is already going directly into the profit margins.