An expert has outlined common products likely to become more expensive due to Donald Trump’s newly imposed tariffs on imports to America.
On Wednesday (April 2), President Trump unveiled new tariffs affecting nearly every nation worldwide, establishing a minimum rate of 10 percent.
However, some countries face much steeper increases, with the President threatening tariffs up to 200 percent on alcoholic beverages from European Union nations.
Additionally, Vietnam has been assigned a specific 46 percent tariff while South Africa faces a 30 percent tax.
Trump claims these measures aim to “Make America Wealthy Again,” with the United States being one of the world’s top importers of goods, but average Americans may experience hardship before seeing benefits as these changes are expected to significantly increase prices on many everyday products.
Considering these developments, Dr. Sung Won Sohn, an economist and professor at Loyola Marymount University in Los Angeles, recommends purchasing certain items before price increases take effect.
Avocados and other groceries “We import 80% of avocados that we consume in America and those are perishable items, so they will be more expensive immediately,” Sohn told The New York Post.
Sohn indicates other products including tea, coffee, and bananas will also experience rapid price increases.
Washers and dryers Korean-manufactured washers and dryers may also become costlier as they fall under the same category as vehicles and automotive components, according to Sohn.
Trump implemented a 25 percent tariff on all imported vehicles that became effective yesterday.
However, this particular increase might be delayed since the US reportedly has existing inventory that hasn’t yet been depleted.
“They have inventory so as a result prices don’t have to go up right away,” he explained.
Regarding automobiles, Sohn further noted that consumers might not receive the same discounts previously offered by dealerships because of the tariffs.
Furniture The US imported $9.4 billion worth of furniture from China in 2023, according to CNBC.
China is among the countries most severely affected by Trump’s tariffs, facing a 54 percent rate.
Trump had previously imposed a 20 percent increase on China, effective March 4.
The president then added a 34 percent ‘reciprocal’ tariff as part of his Liberation Day announcement, expected to take effect on April 9.