Dresses, Gadgets and Cars: How Big Trade Tariffs Impact Your Wallet

The US and China having a massive argument over trade. Now, the U. S starts to implement nasty 10% tariffs on all products from China. This is crucial because many consumer products we use daily in the US come from China. Electronics are big. Think cellphones and computers. Remember the last smartphone you bought? Odds are it was made in China. Facts show China is the king of electronics manufacturing, especially for American tech giants like Apple. Toy helmets, clothing and even kitchenware are also impacted. Chinese imports fill your home and wardrobe. A man from Detroit got his car equipment in advance before the prices hiked. The cost of items like pots and pans, clothes and even big-time furniture goes up. The vast scale of Chinese products in the US leads to higher prices. Fast fashion takes a hit too. Those $5 dresses from Shein and Temu Now have to go through tax man. The trade exemption that allowed cheap goods under $800 to avoid tariffs is no more. The effects on prices are murky. Amazon shops have to pay extra. Cheap clothes and accessories from China are about to cost more. But the costs might not double. Delivery times get longer because the good needs to go through customs. Eventually, you pay more for toys too. This means big companies have to make a plan. PacSun and other toy sellers are not thrilled about raising your prices. They absorb the cost for now to protect their customers. But once they pass along the costs to you, prices go up.