Mon, 28 Jul 2025

Mon, 28 Jul 2025 Six things that may cost Americans more after Trump's tariffs

Economists say the president's import taxes could result in higher prices for a range of products in the US.

* Clothing and footwear, with prices expected to surge 37% in the short run + Tariffs on imports from countries such as China (30%), Vietnam (20-19%), Indonesia (19%), and Bangladesh (up to 35%)
* Coffee, with Brazilian coffee facing 50% tariffs and Vietnamese coffee facing 20% tariffs
* Olive oil, with prices likely to rise due to 15% tariffs on products from European Union nations
* Fresh produce, with prices expected to jump sharply in the short run
* Food overall, with prices expected to rise 3.4% in the short run
* Alcohol, with potential for higher prices if included in tariff deal or exempted along with other agricultural and food products
* Beer, particularly Mexican beers like Modelo and Corona, which may become more expensive due to levies on aluminium
* Imported vehicles, with tariffs reduced from 25% to 15% for cars from some key exporters, including the European Union and Japan
* Steel and aluminum, with prices expected to increase after Trump raised tariffs earlier this year
* Copper, with a 50% levy set to start on August 1
* Lumber, which could become more expensive due to tariffs on imported lumber from Canada
* Oil and gas imports, although US consumers are unlikely to be directly affected by tariffs on energy exports from Canada
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