If Trump wins, get ready to pay more for everything

Economists, Democrats, and even Republicans have been warning that former President Donald Trump's plan to impose hefty tariffs on all imported goods if he's elected to office will raise prices across the board for consumers.

But now, companies are explicitly confirming that Trump's plan to charge 60% tariffs on Chinese goods, and between 10% and 20% tariffs on all other imported items would make them raise prices for you and your family.

“We’re set to raise prices,” Timothy Boyle, chief executive of Columbia Sportswear, told The Washington Post. “We’re buying stuff today for delivery next fall. So we’re just going to deal with it and we’ll just raise the prices. … It’s going to be very, very difficult to keep products affordable for Americans.”