Which Products Could Get More Expensive under Trump's New Tariff Hikes?
The new round of tariffs, set to take effect next week, will immediately push up the cost of many imported goods from affected countries, with U.S. consumers likely to feel the impact in their wallets.
While some companies have tried to absorb part of the costs, rising import duties may now force them to pass more of the burden onto customers. Here's what could get more expensive:
Computers and Electronics
Computers are among the most imported goods in the U.S., according to the Department of Commerce, with top suppliers including China, Mexico, Taiwan, Vietnam, and Malaysia.
Chinese imports already face tariffs starting at 30%, which could rise further if no trade deal is reached by August 12.
Imports from Taiwan, Vietnam, and Malaysia will see duties roughly double from current levels next week.
India, while not a top-five supplier of computers, is a major source of electronics and will face tariffs of at least 25%.
Prices for computers have already risen 5% year-on-year as of June, according to the Consumer Price Index. Yale University's Budget Lab estimates the new tariffs could drive electronics prices up 18.2% in the short term (2–3 years) and 7.7% in the long term (3–10 years).
Clothing
The U.S. heavily relies on imports for apparel, with China, Vietnam, Bangladesh, India, and Indonesia as major suppliers. Tariffs on these countries could raise clothing prices by 37.5% in the short term and 17.4% in the long term, adding pressure on households.
Watches
Swiss watches, worth over $4 billion in U.S. imports last year, are set to face 'reciprocal' tariffs of 39%. Leather goods, often tied to watch production, could see price hikes of 39.7% short term and 18.9% long term.
Footwear
China, Vietnam, and Indonesia dominate U.S. shoe imports, which will be hit with at least a 19% tariff starting next week. Leather-based products in this category could see similar price hikes to watches.
Alcohol
Imported wine and spirits account for around 35% of the U.S. alcohol market, according to the Wine & Spirits Wholesalers of America (WSWA). Tariffs on European Union imports — a key source of whiskey, vodka, and wine — will rise from 10% to 15%.
Furniture
Vietnam is the largest furniture supplier to the U.S., followed by China. The new tariffs are expected to lift import costs across this sector as well.
Toys
China and Vietnam lead U.S. toy exports. Industry groups warn that tariffs will increase retail prices, particularly as duties on Vietnamese goods add to existing levies on Chinese products.
When Will Consumers Feel the Pinch?
Many U.S. companies have stockpiled inventory in anticipation of higher import costs, delaying the immediate impact on retail prices. Goldman Sachs analysts estimate it could take roughly eight months for the full effect of tariffs to filter through to consumer prices.
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