Everyday items like clothes, shoes, electronics, and even food and alcohol will soon carry significantly higher price tags.
The new taxes on imported goods kicked in this week, escalating an already tense global trade war. As a result, consumers could soon feel the pinch as costs rise across the board.
Why Prices Are Going Up
Trump’s latest tariffs include a 104% levy on Chinese goods, with additional taxes on imports from Vietnam, Cambodia, and the European Union. China responded immediately, proposing an 84% tariff on American goods.
Experts warn the average U.S. household could end up paying $3,800 more per year. While exact increases vary, some items could jump by hundreds or even thousands of dollars.
What Will Get More Expensive?
Clothes & Shoes
About 97% of clothing and footwear sold in the U.S. is imported—mostly from Asia. With new tariffs in place, expect prices to soar.
- Sneakers from Vietnam (currently $155) could rise to $220
- Work boots from China (now $77) may jump to $115
- Kids’ shoes might go from $26 to $41 by back-to-school season
- Even Ray-Ban sunglasses from Italy may cost $14 more due to the 20% EU tariff
iPhones & Tech Gadgets
That next iPhone upgrade? It could cost a lot more.
- The iPhone 16 (currently $799) might climb to $1,142
- The Pro Max model (now $1,599) could reach $2,300
Other popular tech, like the Oura Ring, is also likely to get more expensive because of EU-related tariffs.
Cars & Auto Repairs
Car prices have already reached record highs—and they’re headed even higher.
- The average new car ($49,500) could rise to $52,800
- Luxury models might increase by as much as $13,000
- Common auto repairs like bumper replacements and oil changes will also cost more as tariffs affect parts supply
Homes & Appliances
Planning to build a home? Be prepared for a $9,200 increase, largely due to tariffs on Canadian lumber and imported materials.
Expect to pay more for major appliances, including dishwashers and washing machines.
Food & Alcohol
Your next grocery run might give you sticker shock.
- Nespresso pods could cost $12 more per pack
- Avocados, orange juice, strawberries, and grains—much of which come from Mexico—will likely rise
- Mexican beer, tequila, and Canadian whisky are also expected to see price spikes
What Can Consumers Do?
Experts suggest a few ways to brace for rising costs:
- Buy big-ticket items now before the hikes hit
- Shop secondhand or off-price for clothing and shoes
- Compare prices across retailers to find the best deals
While some increases may be unavoidable, a little planning now could save you hundreds. As the trade war intensifies, Americans should prepare for lasting effects at the checkout line.
Everyday items like clothes, shoes, electronics, and even food and alcohol will soon carry significantly higher price tags.
The new taxes on imported goods kicked in this week, escalating an already tense global trade war. As a result, consumers could soon feel the pinch as costs rise across the board.
Why Prices Are Going Up
Trump’s latest tariffs include a 104% levy on Chinese goods, with additional taxes on imports from Vietnam, Cambodia, and the European Union. China responded immediately, proposing an 84% tariff on American goods.
Experts warn the average U.S. household could end up paying $3,800 more per year. While exact increases vary, some items could jump by hundreds or even thousands of dollars.
What Will Get More Expensive?
Clothes & Shoes
About 97% of clothing and footwear sold in the U.S. is imported—mostly from Asia. With new tariffs in place, expect prices to soar.
- Sneakers from Vietnam (currently $155) could rise to $220
- Work boots from China (now $77) may jump to $115
- Kids’ shoes might go from $26 to $41 by back-to-school season
- Even Ray-Ban sunglasses from Italy may cost $14 more due to the 20% EU tariff
iPhones & Tech Gadgets
That next iPhone upgrade? It could cost a lot more.
- The iPhone 16 (currently $799) might climb to $1,142
- The Pro Max model (now $1,599) could reach $2,300
Other popular tech, like the Oura Ring, is also likely to get more expensive because of EU-related tariffs.
Cars & Auto Repairs
Car prices have already reached record highs—and they’re headed even higher.
- The average new car ($49,500) could rise to $52,800
- Luxury models might increase by as much as $13,000
- Common auto repairs like bumper replacements and oil changes will also cost more as tariffs affect parts supply
Homes & Appliances
Planning to build a home? Be prepared for a $9,200 increase, largely due to tariffs on Canadian lumber and imported materials.
Expect to pay more for major appliances, including dishwashers and washing machines.
Food & Alcohol
Your next grocery run might give you sticker shock.
- Nespresso pods could cost $12 more per pack
- Avocados, orange juice, strawberries, and grains—much of which come from Mexico—will likely rise
- Mexican beer, tequila, and Canadian whisky are also expected to see price spikes
What Can Consumers Do?
Experts suggest a few ways to brace for rising costs:
- Buy big-ticket items now before the hikes hit
- Shop secondhand or off-price for clothing and shoes
- Compare prices across retailers to find the best deals
While some increases may be unavoidable, a little planning now could save you hundreds. As the trade war intensifies, Americans should prepare for lasting effects at the checkout line.
