INDIANAPOLIS — Consider the loss of trillions of dollars on the stock market a sign of what could be coming — a downturn in the economy as products get more expensive, causing consumers to pay more on nearly everything they buy.
“Prices will go up,” said Korel Drake, an Indianapolis-based stockbroker. “Tariffs are taxes on the company that is importing the product.”
Drake deals with the fluctuating prices of goods every day. He said one of the places you will notice a change first is at the grocery store…