What Items Are Going Up in Price with Trumps Tariffs?

Tweet

Here is a list of areas where prices will probably be going up due to the tariffs Trump wants to put into force: Businesses are going to see the crunch with all the new tariffs. With the prices of parts and such many may struggle to stay competitive. This will mean layoffs and reduced hiring. Electronics. The companies that make tablets, phones and other such devices always rely on the manufacturing of components and getting them internationally. With the tariffs Trump imposes the prices will go up so companies will be charging us more on these items. Major appliance prices will likely go up for the same reason. Clothing and footwear. This industry is particularly sensitive to international tariffs. Furniture prices will go up. Sticker shock on automobiles especially luxury vehicles. This includes leasing costs and monthly payments on financed vehicles. Higher prices on renewable energy will be seen. Home owners who are interested in solar power may have to pay much more or delay plans. Steel products have already gone up by 25%. Those prices will go up even more. Aluminum prices will see a rise. Use in windows, doors, siding, even cans contain aluminum components. And, yes, food prices will go up by 5-15%. Manufacturing and agricultural equipment prices all go up with the tariffs. The picture is from lseg.com