5 Things to Buy Before Proposed Tariffs Make Them More Expensive
You've probably heard talks that the Trump administration might add tariffs to many exports from China in an effort to cut down on intellectual property theft. But what exactly does all of that mean for us?
Right now, the proposed tariff (a.k.a. fee) is around 25 percent on a list of about 1,300 exports from China. That means it will cost companies around 25 percent more to export any products made from an item on that list from China. Of course, businesses could try to find manufacturing facilities in other countries in order to cut costs. But the sad reality is that the extra fee could end up being added on to the product's final price, meaning we (the customers) would have to spend more than we're used to.
The list focuses on items made of steel and aluminum, which means things like TV, remotes, and cell phones could potentially see higher price points. And it's not just electronics. The molding machines for shoes are also included, so prices for your favorite sneakers could increase, too. Check out the full list here, or scroll down to shop the must-haves below.
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Items made with injection-molding machines for manufacturing shoes of rubber or plastics might see price increases, so stock up now on your favorites.
Approximately $113 million worth of umbrellas were imported into the U.S. from China in 2017. And prices on the rainy-day essential could rise since most are made with aluminum and steel parts.
People are freaking out over potential price increases of flatscreen TVs.
Even the price of office essentials—like a printer—could go up if tariffs are implemented.
And home appliances aren't exempt. get that dream dishwasher before it becomes more expensive.