The shock from President Donald Trump’s tariffs continued on Monday as the Dow finished in the red shedding 349 points.
Trump is also threatening even larger tariffs on China if the country moves forward with retaliatory tariffs of its own.
Watch NBC Bay Area News free wherever you are
WATCH HERE
San Jose State University professor Robert Chapman Wood said that people could soon start to see the effects on everything from groceries to new bedding to furniture, car parts, computers and smartphones.
“The likelihood of big, big price increases on big ticket items in the next few weeks is quite substantial,” he said.
In the meantime, local businesses are bracing themselves.
Jocelyn Moran has more in the video above.
Get a weekly recap of the latest San Francisco Bay Area housing news with the Housing Deconstructed newsletter.
SIGN UP 