Trump tariffs could raise prices on clothes, shoes, phones: list – Business Insider

Trump tariffs could raise prices on clothes, shoes, phones: list - Business Insider 2

Shoppers may soon see higher prices on goods like shoes, toys, phones, and car seats as a result of President Trump’s new tariffs on Chinese imports.

Trump said Thursday that he plans to impose 10% tariffs on $300 billion in Chinese imports — including footwear, apparel, electronics, and other consumer goods — on September 1.

Many retailers, including Walmart, have warned that higher tariffs on these items would force them to raise prices for consumers.

Read more: Trump’s new tariffs could unleash an avalanche of store closings on the US

“This new 10% tariff is a direct hit on consumer products and family budgets… American families shouldn’t be a pawn in this trade war,” said Hun Quach, vice president of international trade for the Retail Industry Leaders Association, a trade group that counts Walmart, Target and Home Depot among its members.

Shoppers can expect the biggest price increases on items that have a high share of sourcing from China, according to the Retail Industry Leaders Association (RILA), a retail trade group.

Here’s the list of products where shoppers are most likely to see price increases, based on their high share of sourcing from China, according to RILA.

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