Prepare for higher prices on these 4 types of goods imported from China after Trump hiked tariffs
President Donald Trump has recently imposed a 10% tariff on imports of Chinese goods, with the potential for further increases. Economists warn that such measures could lead to higher prices for U.S. consumers across several product categories. In 2023, the U.S. imported $427 billion worth of goods from China, affecting industries like consumer electronics, clothing, cars, and home appliances. According to the Consumer Technology Association, prices for laptops could rise by up to 68%, while clothing costs could also see substantial increases. Consumers considering purchases of products made in China may need to adjust their budgets accordingly.