Six things that might make Americans more

In April, U.S. President Donald Trump announced that he was introducing brand new tariffs, additional taxes, that import companies brought goods from abroad, must be paid.

Since then, some of the U.S.’s major trading partners include the UK, Japan and now the EU have lowered headline tariff rates. EU protocol Trump threatened to cut 30% tariffs in half.

But other countries still face higher interest rates, including Canada Will see it If no deal is reached, tariffs will rise to 35% on August 1.

Trump said the additional tariffs would generate billions of dollars in revenue and encourage companies to produce in the United States to avoid taxes.

But there are already signs that the tax may be Increase prices For American consumers and economists, there is still some way to go before American shoppers feel the power of all rise.

So which products may become more expensive?

The vast majority of clothing and footwear sold in the United States are manufactured in other countries, including manufacturing centers in Vietnam, China and Bangladesh.

Even though Trump has backed down the worst tariffs he initially threatened, taxes imported by these countries remained significantly higher.

Under the current plan, the United States will charge at least 30% of goods produced in China and plans to start charging a 19% tax on goods from countries such as Vietnam and Indonesia starting August 1. Trump outlined a 35% tariff on goods from Bangladesh.

These measures form pressure on major U.S. department stores like Target and Walmart, where Americans often turn to affordable clothing, as well as large apparel brands such as Levi Strauss and Nike, who say they will raise prices for certain items.

After months of decline, clothing prices rose by 0.4% from May to June. Overall, Yale’s budget lab monitors the economic impact of government policies, and clothing prices are expected to surge 37% in the near term.

Almost all coffee consumed in the United States comes from abroad, which means it will soon become a greater burden on Americans’ wallets.

Coffee from Brazil faces a 50% tariff, while Vietnamese coffee may be subject to a 20% tariff.

Prices of shelf staples such as Italian, Spanish or Greek olive oil may rise when tariffs are generated from products from EU countries.

Trump has raised tariffs on Mexico, a major supplier of items such as tomatoes and avocados, although he has made some important exemptions to those taxes.

Yale University’s Budget Laboratory still estimates that food prices will rise by 3.4% in the near term, with fresh produce initially seeing particularly sharp growth.

The United States is one of Europe’s largest alcohol export markets, with European companies including Pernod Ricard and LVMH selling 9 billion euros (£7.8 billion) of alcohol to the United States every year. This country is composed of About one-third Irish whiskey exports and champagne exports are exported nearly 18% of exports.

However, European Commission President Ursula von der Leyen has not said whether alcohol is included in tariff transactions with the United States or exempted along with other unspecified agriculture and food.

Meanwhile, Mexican beers like Modeo and Corona are expected to become more expensive as aluminum is levied, affecting beer poured from cans, under the tariffs announced in April. According to the Beer Institute, most beers in the United States are 64.1% beer.

Trump is particularly keen to see tariffs on imported vehicles, hoping that raising the prices of foreign-made cars will boost U.S. companies.

In March, he A 25% levy was introduced On importing passenger cars and parts, to “protect the automotive industry in the United States.”

Since then, some of his major exporters, including the EU and Japan, have lowered it to 15%. Importers will pay 10% of the fee to UK cars.

There are tariffs Didn’t cause a sharp rise in car prices So far.

Erin Keating of executive analyst Cox Automotive shows that this is because businesses have “absorbed more burdens so far [from tariffs] Instead of passing the additional costs to the consumer”.

but Cost bracketit is not clear how long the position will take.

Trump hopes that tariffs on U.S. companies can also backfire.

That’s because many cars made in the United States rely on parts or materials from abroad. Some brands sold by American companies are Also gathering abroadincluding factories in Canada and Mexico, which means they suffer a 25% tax. These are now at a disadvantage compared to products from major foreign competitors.

Steel prices in the United States rose after Trump raised tariffs on steel and aluminum earlier this year. Now, a 50% tax on copper will begin on August 1, and Trump is threatening tariffs on wood.

All three are key materials used to build a house.

The National Association of Home Builders (NAHB) warns that the measures could increase the cost of building homes—which are mostly made of wood—also delayed developers building new homes.

“Consumers end up paying tariffs in the form of higher housing prices,” NAHB said.

How much may depend on whether Trump resolves his trade dispute with Canada, one of Canada’s largest suppliers, and currently faces a potential tariff of 35%.

A report from the U.S. Chamber of Commerce recommends that the U.S. buy about 69% of wood, 25% of its imports of iron and steel, and 18% of copper imported from Canada.

European deals will increase the amount of energy purchased from Europe from the United States, von der Leyen explain Cheaper liquefied natural gas (LNG), oil and nuclear fuel from the United States, will be “replaced with Russian gas and oil”.

But tariffs don’t necessarily mean good news for American consumers.

In general, Trump has made oil and gas imports tax-free.

But his energy export rate from Canada, the largest foreign crude oil supplier, rose by 10%. According to official trade data, 61% of oil imported to the United States between January and November 2024 comes from Canada.

The United States has no oil shortage, but its refineries are designed to deal with what are called “heavy” or thicker crude oil, mainly from Canada, with some from Mexico.

According to U.S. fuel and petrochemical manufacturers, “many refineries need heavier crude oil to maximize flexibility in gasoline, diesel and jet fuel production.”

This means that fuel prices could be raised if Canada decides to reduce crude oil exports when it retaliates against U.S. tariffs.

Other reports by Lucy Acheson