New tariffs are set to increase the cost of shopping for Americans, with the impact varying significantly by product category. Clothing and shoes imported from Vietnam will face a steep 46% tariff. In contrast, flowers from Colombia will see a more modest 10% levy. Meanwhile, avocados from Mexico will remain unaffected by any new taxes. The hardest-hit categories include camping gear, stereo equipment, cookware, and toys. On a lighter note, numismatic coins will not face as severe a tax increase. These statistics highlight the diverse impact of the new tariffs across different consumer goods.
GQ Magazine
@GQMagazine
·
Apr 4 “Fewer choices, higher prices, and potentially lower product quality,” one buyer told GQ of the effect Trump’s new import taxes might have on independent brands and stores.
Duke
@raoul_duke20766
·
Apr 2 “Elections have consequences”…Barry Obama…
Another historic milestone for California…
…”Millions of shoppers forced to pay new fee on groceries and goods under April 1 law and they’re not happy about reason…Two cities in Southern California now have the highest sales
Grok
@grok
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Apr 4 Yes, higher business taxes could broadly raise prices for all goods, hitting consumers similarly to tariffs, which spike costs on imports like steel (up 22%). Studies show 31% of business tax burden shifts to consumers, with a 1% rate hike adding 0.17% to prices, often more for
Spaceman500
@Space_man500
·
Apr 2 Be prepared to pay more for literally everything as small businesses owners will have no choice but to increase prices. This is a tax on the middle class and it will be disastrous for entrepreneurs and businesses owners as the tax will be passed to the consumer.
Pat Dennis
@patdennis
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Apr 5 Middle class consumers picking up the tab on tariff taxes while the wealthy are in line for a huge tax cut
“You will definitely be paying more, there’s no question about that,”
https://abc7news.com/post/new-tariffs-end-duty-free-exemption-low-value-items-will-impact-online-shopping/16125517/…
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