President Donald Trump signs executive orders imposing a 10% tariff on all imported goods from China, citing concerns over the manufacture and transport of illicit drugs. While the administration claims the tariffs will make America great, experts warn of price increases for a wide range of products, including electronics, footwear, toys, and games. The tariffs are expected to impact both businesses and consumers, with importers likely passing on a portion of the increased costs to shoppers.
ByPresident Donald Trump speaks with reporters after signing two executive orders in the Oval Office of the White House, Feb. 4, 2025 in Washington.Smartphones, sneakers and board games headline a wide-ranging set of products at risk of price increases as a result of Chinaon Tuesday, slap a 10% tax on all imported goods from China, the third-largest U.S. trade partner.
"WILL THERE BE SOME PAIN? YES, MAYBE . BUT WE WILL MAKE AMERICA GREAT AGAIN, AND IT WILL ALL BE WORTH THE PRICE THAT MUST BE PAID," Trump wrote.Personal electronic devices make up a top category of products imported from China, meaning price increases could impact tablets, smartphones and laptops, experts said. Video cameras, headphones and video game consoles would also be impacted.
Employees work on a silk production line at a textile factory in Fuyang, in eastern China's Anhui province on Jan. 16, 2025.Nearly all footwear sold in the U.S. comes from abroad, and much of it originates in China. That set of products includes tennis shoes, sandals and high heels, among others.United States International Trade CommissionChina accounts for about $4 of every $10 in imported footwear sold to U.S. buyers, according to the USITC.
TARIFFS CHINA TRADE PRICES CONSUMERS
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