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2025-04-21

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Will Trump's tariff measures backfire? BBC report: Prices of six types of goods in the United States may rise significantly.

Will Trump's tariff measures backfire? BBC report: Prices of six types of goods in the United States may rise significantly.
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The United States President Trump has initiated a tariff war, triggering a significant decline in the stock market and indicating that the prices of consumer goods will rise. BBC has compiled a list of six products that will be affected: clothing, coffee, sneakers, alcohol, e-commerce products, and electronic products. For example, in the clothing sector, products from brands like Target, H&M, and Gap may see substantial price increases due to higher tariffs, placing a heavier burden on low-income families. The prices of coffee and imported food are also likely to rise, with sneaker prices expected to increase by nearly 12%. In addition, alcoholic beverages will face a 20% tariff rate, shipping costs on e-commerce platforms will rise significantly, and tariffs on electronic products will make prices prohibitive. Overall, this tariff war will lead to a surge in the cost of living for the American people.
  • The U.S. President's implementation of tariff policies worldwide has triggered a sharp decline in the U.S. stock market, marking the third largest drop in history. Not only is the global economy affected, but the public may also face difficulties.

  • According to reports, after the tariff war, six categories of daily necessities are expected to see significant price increases, including: clothing, coffee, sports shoes, alcohol, e-commerce products, and electronic devices, which will raise people's cost of living.

  • First is clothing. Among the five major clothing brands in the U.S., three brands primarily import products from China, Bangladesh, India, and Indonesia. Under the new tariffs, these brands' products will face an additional tax rate of 34%-46%, potentially placing a heavy burden on low-income families.

  • Second is coffee and other imported foods. The U.S. produces virtually no coffee beans and mainly relies on imports from Brazil, Colombia, and Vietnam. Once a 10% new tariff is implemented, the cost for consumers to enjoy coffee will increase; additionally, imported foods from the European Union, such as olive oil, may also be subject to an additional 20% tax.

  • Third is sports shoes. Most products from NIKE and Adidas are manufactured in Vietnam, and with the increase in tariffs, shoe prices are expected to rise by 10%-12%.

  • Fourth are alcoholic beverages. High-quality wines from France and other such beverages may be affected by a 20% tariff, and even budget beers could see price increases of around 5% due to rising aluminum tariffs.

  • Fifth are Chinese e-commerce platforms. Websites commonly used by U.S. consumers, such as Temu and Shein, previously enjoyed a $800 tax exemption, but the new policy may impose a 30% tariff or a $25 fee per item, which could even rise to $50 in the future, significantly increasing shipping costs.

  • Lastly, electronic products. Items such as mobile phones, televisions, and gaming consoles mainly come from China, South Korea, and Taiwan. With the implementation of high tariffs, prices for these electronic products are expected to rise significantly.

  • In summary, the U.S. government's choice to initiate a tariff war may lead to a decrease in imported goods and the rise in prices, further exacerbating inflation and presenting new challenges to people's daily lives.