President Donald Trump’s administration is implementing, stopping, and putting new tariffs on items that come from overseas on what seems to be a weekly basis.
Over the past month, consumers have seen a jump in prices, and in some cases, astronomical shipping. Additionally, ports have seen a decrease in activity. However, there has also been a sharp shift in the tariff plan.
Trump, in line with his goal of trying to make America great again, has a long term goal to bring manufacturing and factories back to American soil. In early April, Trump imposed 10% taxes on nearly everything the United States imports, along with tariffs of 145% on many goods from China. As of the week of May 12, the U.S. lowered tariffs to 30% and China to 10%.
China is not alone. There are numerous countries around the world that Trump put on the tariff list. Some countries include Vietnam, Taiwan, South Korea, the European Union, Japan, and the United Kingdom. Click here to see the whole list.
Some items that are going to be more expensive are imported goods. This includes brands such as Adidas and Mattel, who stated they would charge consumers more.
(Image by Steve Buissinne from Pixabay)
You go to the grocery shop, and your jaw drops at the price of food. Lots of tropical produce like bananas, pineapples and coconuts will increase in price, as well as fresh and frozen seafood.
On these rising prices and industries, Trump said on Truth Social, “Between Walmart and China they should, as is said, “EAT THE TARIFFS,” and not charge valued customers ANYTHING. I’ll be watching, and so will your customers!!!”
And now Trump has claimed that Americans don’t ”need” so many products imported from China. To help support his point, Press Secretary Karoline Leavitt has argued that Americans would be willing to pay for products made in America, and White House Deputy Chief of Staff Stephen Miller said, “He was making the point that I think almost every American consumer agrees with, which is if they had a choice between a — and I’m a parent of young children — a choice between a doll from China that might have, say, lead paint in it, that is not as well constructed as a doll made in America, that has a higher environmental and regulatory standard, and that is made to a higher degree of quality, and those two products are both on Amazon that yes, you probably would be willing to pay more for a better made American product,”
