US President Donald Trump’s new tariff policy imposes significant tax burdens on imported goods. The tariffs announced in April are driving up the prices of products imported from China, Vietnam, Canada, the European Union, and other countries.
A 30–35% tariff has been imposed on clothing and footwear imports, mainly affecting goods produced in Vietnam, China, and Bangladesh. As a result, large companies like Walmart, Levi Strauss, and Nike are raising prices.
New tariffs also apply to coffee, olive oil, tomatoes, and other food products. For example, Brazilian coffee is subject to a 50% tariff, while Vietnamese coffee faces a 20% tariff.
Since March, a 25% tariff has been imposed on foreign cars. Although prices have remained stable for now, manufacturers may not be able to absorb these costs for long.
Tariffs on essential construction materials such as steel, aluminum, and copper have been increased. This raises the overall cost of building new homes.
A 10% tariff on oil imported from Canada could affect fuel prices. Many US refineries are designed to process heavy crude specifically from Canada.
Trump aims to support domestic production through these tariffs. However, economists note that in the short term, these measures will lead to higher daily expenses for Americans.
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