According to a New York Post report, public services and everyday goods in the US are left.
“The Americans will probably have to pay more on the counter in the supermarket in the coming days, while higher prices for everything from sneakers to car furniture could be felt in a few weeks,” said the report, quoting economists and experts in the field.
What will be more expensive
Foodstuffs
Dr. Sung won SOHN, a prominent economist and academic at Loyola Marymount University in Los Angeles, Nyt said that there would be more expensive food items in the short term.
“We import 80% of avocadas that we consume in America, and these are objects, so they will be immediately more expensive,” he said.
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Other items that the US do not produce on the domestic market such as coffee, tea and bananas will also become faster, NYT report.
Imported vehicles and household appliances
Trump’s 25% tariff on all imported vehicles began on Thursday and 25% of the automatic parts fee will begin on May 3.
It could take weeks or months to pass on to foreign cars because there is already an existing inventory that has to be emptied, Sohn Nyt said.
Stubs and dryers such as Korean conglomerates of Samsung and LG fall into the same “medium” bucket as cars, he added.
“They have supplies, so as a result, prices do not have to rise immediately,” Sohn said, although he added that car dealers “may not give you discounts that would normally” as a result of tariffs.
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Another expert, David Warrick, executive vice president of the Enterprise Division in Oregiver, a company specializing in the visibility of the supply chain and risk management, said NYT could come before expected prices.
“In industries such as the automotive industry, electronics and drugs, where the sources of global components are deeply rooted, it will be felt almost immediately,” Warrick said.
“Expect higher input costs, margins and difficult decisions on what is handed over to consumers.”
Clothing, furniture, toys and shoes
NYT report said that clothes, clothing, furniture, toys and shoes could see higher prices “quite fast, as in the next month or two”.
“The more complicated the product is, the longer it will take these prices to increase prices,” said Ryan Monarch, associate professor of the economy at Syracus University, adding that products whose imports are “closer to the final consumer has seen quite quickly price increases”.
The living materials will also be more expensive due to tariffs for lumber, steel and aluminum – but according to the report, it may take up to six months for these price increases to appear.
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SOHN said he expects investment goods such as movement equipment and heavy machines, fall into the “third bucket” of goods whose prices will not increase for at least one year.
“These items are in stock and I don’t think their prices are immediately affected,” he said.
Meanwhile, according to the ports, there is probably a confusion that could grow the growing supply chains and cause shortcomings that could grow from the time of Covid, according to one economist.
“Many port products could stop so that people don’t think about it, they are complicated tariffs to be implemented,” said Michael Szanto, Fort Lauderdale, Flo. with its registered office, economist, nyt.
Trump’s mutual tariffs
Trump announced a comprehensive customs policy and imposed mutual obligations for imports from all countries in the efforts of its administration to deal with business imbalances and strengthening the American industry. This policy includes a 10% basic tariff for all imports, with significantly higher obligations for nations operating trade surpluses with the United States.
The highest tariffs were stored on Cambodia (49%), Vietnam (46%) and Sri Lanka (44%), reflecting Trump’s strategy to focus on countries with substantial trade surpluses.
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Other Asian economies, such as Bangladesh (37%), Thailand (36%), Tai -wan (32%) and Indonesia (32%), and also face steep doses. China, the key goal of Trump’s business policy, will be exposed to 34% of the tariff, while the European Union will see 20% obligation of its exports to the US.
Key American allies, including Japan (24%), South Korea (25%) and India (26%), were not liberated, indicating a wide range of tariffs.
In addition, the United Kingdom, Brazil, Singapore, Chile, Australia and Turkey will face 10% of duties. Israel (17%), Philippines (17%) and South Africa (30%) are also among the affected countries.
Trump also confirmed 25% of the car import, which will show up 3 April. On Wednesday in the White House, the president justified aggressive tariff measures and claimed that they were necessary to remedy long -term economic imbalances. “Our country has been plundered, plundered, raped, plundered by other nations,” Trump said.
(With the entry from agencies)
(Tagstotranslate) Trump tariffs
