From soy sauce to computers: what products will rise in price after the introduction of import duties from China - ForumDaily
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From soy sauce to computers: what products will rise in price after the introduction of duties on imports from China

The more President Trump increases the pressure on China, the more American buyers will suffer from this, seeing the increase in prices in grocery stores and home appliances markets.

Фото: Depositphotos

Friday Trump administration increased tariffs on Chinese imports up to 25% from previous 10%.

The 200 official pricing list for billions of dollars begins with “frozen pork” and ends with “monopods, tripods and similar aluminum products”. Between them is the 194 product pages, which you can find in stores across the country.

Economists and business owners expect tariff increases to affect consumers in two ways. Stores that have already switched to 10 percentage rates will now raise prices even higher. Large or small businesses that have previously tried to protect consumers from rising, can no longer avoid this, thereby placing the entire burden on Americans.

Administration officials have removed essential items from the list, such as high chairs, baby walkers, and other baby products.

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But not everything is so cloudless. For a quarter of the goods that Peterson’s Institute of International Economics researchers have classified as consumer goods, prices will still rise. Among them, imported furniture, auto parts and things. Unlike previous rounds of tariff increases, the United States Trade Representative did not give any of these products the right to exclude, which would exempt them from duties.

The National Retail Federation has warned that consumers will incur costs associated with a sharp increase in taxes on these products.

“Sudden tariff increases with less than a week's notice will severely disrupt U.S. businesses, especially smaller companies that have limited resources to mitigate the impact,” said David French, the federation's senior vice president of government affairs. If the administration deals with this threat, American consumers will face higher prices and American jobs will be lost.”

Among the items that can suddenly become more expensive are street equipment, such as travel bags, backpacks and knitted fabrics.

Фото: Depositphotos

Dog collars, baseball mitts and ski gloves will also increase in price by 25% along with a sledgehammer and saw blades. Almost all types of lighting products that are sold in most US stores are imported from China, and all of them are on the list.

Also in the list of tariffs there are toilet paper, art supplies, ceramic tiles, windshield and antiques, which are more than 100 years old.

Plus:

  • CD cases, CD players, cassettes and cassette players;
  • Reptile skin clothing;
  • Wooden tiles;
  • Dyed knitted or crocheted cotton fabrics;
  • Anvils;
  • Supports for mattresses;
  • Lights for the Christmas tree.

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Of the 6000 items on the list, more than 1000 are chemicals, many of which are industrial chemicals, according to Panjiva's analysis.

25-percent tariff on computers and components can force many consumers to look for cheaper brands or postpone the purchase.

Фото: Depositphotos

Some products are subject to Trump’s duties twice. This applies to those made of imported steel and aluminum. Auto parts can also be subject to double tariffs if Trump fulfills his long-standing threat to introduce new duties on imported cars and trucks and their parts.

Nearly 1000 other foods are what you eat or drink. These include vegetables such as cabbage, carrots and beets, as well as hundreds of types of fish.

Фото: Depositphotos

Other products include:

  • Mustard;
  • Stuffed pasta;
  • Olives (not green) in sealed glass or metal containers, but not canned;
  • Strawberry jam;
  • Rice wine or sake;
  • Soy sauce.

The worst may still be ahead. Trump said he is preparing another round of tariffs for all remaining imports from China. It is expected that innovations will affect clothing, shoes and other products that the administration previously excluded from the list.

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