A price increase is aimed at buyers in the US. UU., And could send shock waves in all industries, ranging from cheap devices and affordable fashion to electric vehicles. President Donald Trump, who invokes the International Law on Emergency Economic Powers (IEEPA) and the National Emergency Law (NEA), has tax A new round of radical tariffs in Canada, Mexico and China.
The articles obtained from Mexico and Canada will now face a 25%tariff, while those who come from China will have to deal with an additional duty of 10%. Now, there are multiple ways in which tariffs could the pockets of American buyers. This is what the Foundation presented in its estimates:
per US home in 2025.
President Trump is implementing a 10 percent rate on China until we ensure the complete cooperation of the Chinese government in the fight against fentanyl. China plays the central role in the fentanyl crisis that is destroying American life.
In fact, the Chinese Communist Party … pic.twitter.com/paffc76NNQ
– The White House (@WhiteBouse) February 1, 2025
Articles from China, which include popular high volume products, such as iPhones, can be more expensive. Until now, a healthy group of Higher sales elements in the electronics category, such as telephones and televisionsThey have enjoyed the exemption Tarifa.
“The 10% general rate proposed by Trump could affect the price of everything that is done in China and exported to the United States. That applies to many things, from toys and tea cups to laptops, “says a BBC analysis.
Exemptions, no more
But it is not only the tariffs that could mean problems for buyers of us, but also retaliation taxes. According to experts, which cited historical precedent, Most companies would transmit the cost of higher tasks for customers..
The probability that this happens seems high. China has threatened Contramedidas, while Mexico and Canada I have already announced their respective retaliation rates.
The press declaration issued by the White House also mentions that the of minimis The exemption is no longer applied. According to the International Trade Administration, the articles imported in the US.
The low cost benefit has gone
Previously, the value was $ 200, but in 2016, Congress increase The minimis threshold at $ 800. The elimination of the exemption from Minimis will damage buyers, especially people who buy popular e -commerce platform products such as Shein, Temu, JD.com and Alibaba.
According to data provided by Customs and Border Protection of the USA. This has allowed platforms such as Shein and Temu to explode in popularity, at the expense of local players such as Amazon.
For low -income customers, these Minimis purchases had a lot of value, since the products were cheaper, even though they came with a longer waiting time. It is also expected that the price of food and alcoholic beverages will increase, as well as the cost of appliances and most importantly, electric vehicles.
According to government data, the United States collectively imported more than $ 150 billion in motor vehicles and vehicle parts of Mexico last year, while Canada contributed $ 34 billion in imports of motor vehicles.
But the impact will feel in the four commercial nations. . The imposition of rates at each manufacturing stage would be disastrous, ”says an analysis of the International Economics Peterson Institute.
There is still much uncertainty about how tariffs will develop and how cross -border dynamics will ultimately affect the prices of stickers, but a commercial war is certainly here and its inflationary effect will be developed in the immediate future.
