YETI Prices Soar Amidst Trump's Trade War: Is This the New Normal?

Amidst ongoing trade negotiations with China, the price of popular consumer goods, such as YETI products, is on the rise. CNN's Erin Burnett illustrated this trend using a whiteboard, highlighting a 7% increase in YETI cooler prices and an 11% increase in water bottles. The most dramatic increase was observed in YETI dog bowls, which saw a 22% price jump. Financial expert Dan Ives of Wedbush Securities provided context, explaining that 'once you start to increase prices, they don't decrease.' Ives linked the price hikes to pre-tariff inflationary numbers and the complexities of reversing these increases. The situation underscores the impact of trade policies on everyday consumer goods.