20 articles and goods most exposed to price shocks

The Trump Administration Plan of slap the steep prices on the goods of dozens of countries should climb Price for consumers. Some items, such as leather items, will see A jump larger than the others.

The overall impact on households will vary depending on their purchasing habits. But most families – especially wages – are likely to feel pain to some extent, economists said.

According to a analysis By the LAB budget at the University of Yale, the average household will lose $ 3,800 in purchasing power per year following all presidents Donald TrumpPricing policies – and commercial actions of reprisals by other nations – announced on Wednesday.

This is a “significant amount,” said Ernie Tedeschi, director of the laboratory economy and former chief economist of the White House economic advisers during the Biden administration.

The analysis does not include the 34% reprisal rate China announced on Friday on all American exports, which should take effect on April 10. The United States exported According to the Census Bureau, nearly $ 144 billion in China in 2024, the third market for American goods behind Canada and Mexico.

The clothing industry is among the most sensitive to price shocks related to prices.

The prices of clothing and shoes, gloves and handbags and wool and silk products will all increase between 10% and 20% due to the prices that Trump has so far imposed, according to the analysis of the Yale budget laboratory. Tedeschi noted that some of these price increases could take 5 years or more to take place.

Most of the clothes and shoes sold in the United States are made in China, Vietnam, Sri Lanka and Bangladesh, said Denise Green, associate professor at Cornell University and director of the Cornell Fashion + textile collection.

Below “Reciprocal prices” Trump announced Wednesday that Chinese imports will be faced with an obligation of 34%. Goods VietnamSri Lanka and Bangladesh face 46%, 44%and 37%tariffs respectively.

Given the preexisting prices on China totaling 20%, Beijing now faces an effective rate rate at least 54%.

“The prices are disastrous for the clothing industry in the world, but especially for small countries with a manufacture of highly specialized clothes,” said Green.

A large part of clothing production has moved abroad in the past 50 years, said Tedeschi, but it is “very improbable” and the manufacture of textiles will return to the United States from Asia following new prices.

“People will always import clothes to a large extent, and they will have to eat prices,” he said.

The tasks announced Wednesday are above other prices that Trump has imposed since his second inauguration, including tasks on cars and car parts; Copper, steel and aluminum; and certain imports of Canada and Mexico.

The cost of motor vehicles and car parts could inflate more than 8% depending on the analysis of Yale Budget LAB.

Bank of America considered that new vehicles prices could increase up to $ 10,000 If car manufacturers are full impact on consumers.

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“The rise in car prices is already a major point of pain for the vast majority of Americans who live in a field where they need a car to go to work, to school, to their children's activities and to medical appointments,” said Erin Witte, director of consumer protection for the Federation of America.

“These prices will worsen things and considerably reduce Americans' choices on the car they want to buy,” she said.

Prices on specific products such as aluminum and steel indirectly affect consumers, as materials are used to make a band of consumer goods.

The White House spokesman Kush Desai has pushed the analyzes that prices will increase due to Trump's pricing policy.

“The predictions of a small” expert “chicken” did not quite stimulate themselves during the first term of President Trump, and they will not take place during his second term when President Trump again restores the American grandeur on rue Main to Wall Street, “DESAI said in a statement by e-mail.

However, Trump's Trump's prices are larger orders than his first mandate.

The first Trump administration put prices on approximately $ 380 billion in 2018 and 2019, according to to the tax foundation. Until now, the prices imposed on the second term of Trump affects more than 2.5 billion of US imports, he said.

There is also evidence that the prices of the first term have increased the prices of certain consumers.

The retail prices of the washing machine and the typical dryer increased by approximately 12% each – about $ 86 and $ 92 per unit, respectively – due to the 2018 prices on imports of washing machines, according to a study By economists from the Federal Reserve Board and the University of Chicago. The cost increase for consumers has totaled $ 1.5 billion per year, according to the study.

Economists also expect the overall inflation rate in the United States due to prices.

US companies importing goods from abroad will be those that will be in the process of paying the cost of prices, and economists provide that companies will pass at least some of these consumer costs.

An environment of rising prices for foreign goods can allow us to cover somewhat increased by their prices.

As a result, the consumer price index could increase to 4.5% later in 2025, the capital economy estimated on Thursday. This increased compared to 2.8% in February and almost double the long -term inflation objective of the federal reserve.