US President Donald Trump has announced a temporary stop of “mutual customs” fees for a period of 90 days, but he kept a 10% uniform customs fee on all imports of the American market, while continuing to impose higher fees on some vital industries such as steel, aluminum and cars.
Trump also imposed from Wednesday 125% of customs duties on all imports coming from China, to be added to 20% for a precedent to become 145%. On the other hand, China raised customs duties on American goods to 125% as of Thursday.
These high fees on China may extensively affect the American economy, as many goods and products such as electronics and low -price clothes that Americans buy come from China, and then high fees may lead to an increase in prices for consumers, according to the New York Times.
“It is difficult to know how retailers will deal with this cost increase.”, At various stages of the supply chain will have to determine the cost of the cost of the supply chain, according to the Guardian newspaper.
Over the past few months, and as Trump threatens to impose customs duties, business leaders from major US retail companies such as Wall Mart and Best Bay said they will have to download consumers the increasing costs due to the new fees, according to the Guardian.
The American consumer is expected to witness a wave of high prices that extend from fresh fruits such as blue berries, through clothing, textiles, cars, and electronics to imported drinks and chocolate, according to the New York Times.
What are the most affected industries?
According to Yale University budget estimates estimates, textiles, cars and electronics will be among the most affected, which may lead to:
- The price of clothes increased by up to 32.7%.
- Increasing the prices of non -alleged textiles by 18%.
- Car prices increase by 15.8%, equivalent to an increase of about 7600 dollars on the average price of the car for the year 2024.
- Increase the prices of fresh products by 6.2%.
- A general increase in food prices by 4.5%.
The most affected electronics sector
Chinese factories produce more than their counterparts in the United States, Germany, Japan, South Korea and Britain combined, and many imported products to the United States come from China. China also represents the main source of consumer electronics in the US market.
“These drawings will have a major economic impact, noting that:
- 73% of smartphones
- And 78% of laptops
- And 87% of video game devices
- And 77% of imported games
It comes from China, and that means that the impact of customs duties on this sector will be very large.
American consumers rushed to Apple stores in various American cities in the last days to update and buy their iPhone phones, where the best -selling product of the company is manufactured in China, according to Bloomberg.
The higher price of the iPhone may witness an increase in the price at least $ 350, according to the “NBC News” network.
Other electronics, from laptops to televisions, will also see similar leaps in the prices, forming the largest revenue from the Trump customs system, according to the analysis of the trade data conducted by the “Global Testalt”, a non -profit research organization.
Clothes and textiles
Some of the largest American retailers are importing clothes and shoes from Asian countries, including China and Bangladesh, and Vietnam, which has become in recent years an industrial center for American companies seeking to avoid commercial barriers with China.
This situation appears to change with the entry of new 46% customs duties on Vietnamese products.
The Yale University Budget Laboratory said that the 2025 customs fees are not commensurate with clothes, textiles and leather products, where::
- The prices of leather products will increase by 35%.
- And clothes by 32.7%.
- And unpleasant textiles by 18%.
A commercial group representing major brands, including Nike and Skelets, told Reuters recently that customs duties threaten to raise the price of a $ 155 running shoe in Vietnam to $ 220.
Vehicles and auto parts
The customs duties imposed by Trump by 25% entered the vehicles that are already in effect, which costs the Americans an additional amount ranged between 2500 to 20 thousand dollars per vehicle, depending on their size and type, and it is expected that the impact on the American consumer will reach about 30 billion dollars in the entire first year, according to Anderson Economic Group estimates.
Experts say that the additional import taxes are inevitable even for used cars. The mystery still surrounds the auto parts that will be exempted under the United States, Mexico and Canada agreement, which Trump negotiated during his first term.
However, the United States imported a record rate of 63%of its tires (car wheels) last year from countries such as Thailand (37%customs duties) and South Korea (25%customs duties).
The United States gets most of its natural rubber from other countries, which means that local producers will face major difficulties, according to NBC News.
Rice and coffee
According to the US Department of Agriculture, more than a quarter of the sale in the United States is imported from countries such as Thailand (which is imposed by customs duties by 36%) and India (26%), and consumers are expected to witness an increase in rice prices as a result of increasing import taxes.
The United States is the second largest coffee importer in the world, with about 80% of the non -roasted coffee beans from Brazil and Colombia, according to the US Department of Agriculture.
While both countries are subject to a 10%basic tariff, the recent droughts in major cultivation areas have pushed prices to rise this year.
In general, there is no commodity in the American market entirely protected by the consequences of customs duties. The influence is widespread, extends from the factory to the store, and from luxurious goods to daily needs.
Here is a list of the most important 20 commodities whose prices will rise due to Trump fees.
The 20 most important commodities will increase their prices due to Trump fees
Below is a list of the most important goods and products whose prices will rise in America and the percentage of change in the price level after Trump customs definitions according to the US University’s budget laboratory until the date of April 7, knowing that the “Overall Prices” standard has not been taken and not the price of imported or local products, but the total price per commodity according to the Yale University budget laboratory.
- Skin products: 35%
- Clothes: 32.7%
- Wool and Shaz Raids: 21%
- Processing rice: 19.7%
- Equipment and electrical appliances: 18.9%
- Textiles: 18%
- Vehicles and spare parts: 15.8%
- Iron metals: 12%
- Rubber and plastic products: 11.9%
- Computers, electronics and optics: 8.7%
- Vegetables, fruits and nuts: 6.2%
- Wood products: 5.7%
- Beverages and tobacco products: 5.3%
- Uncatered food products: 5.1%
- Paper products and publishing: 4.6%
- Natural gas: 4.3%
- Vegetable oils and fats: 3.7%
- Sugar: 3.4%
- Dairy products: 2.5%
- Non -classified grains elsewhere: 2.4%
