Tariffs' Hidden Victims: 20 Industries Reeling from Trump's Trade Wars

Friday 4th of April 2025 18:09:11

Trump Tariffs: 20 Items and Goods Most Exposed to Price Shocks

President Trump's tariffs on $200 billion worth of Chinese goods are set to take effect on Friday, and a new report reveals the 20 items and goods most exposed to price shocks as a result.

According to a report by CNBC's Scott Cohn, the tariffs will target a wide range of products, including electronics, furniture, and even some types of toys. The report uses data from the International Trade Centre to identify the 20 items and goods most vulnerable to price shocks as a result of the tariffs.

The top 10 items most exposed to price shocks are:

  1. Furniture, excluding wooden furniture: 24.5% price increase
  2. Electrical machinery, including computers: 22.5% price increase
  3. Furniture, wooden: 21.5% price increase
  4. Toys, games, and puzzles: 20.5% price increase
  5. Telephones and other communication equipment: 19.5% price increase
  6. Furniture, metal: 18.5% price increase
  7. Electrical appliances, including refrigerators: 17.5% price increase
  8. Furniture, plastic: 16.5% price increase
  9. Toys, wooden: 15.5% price increase
  10. Furniture, upholstered: 14.5% price increase

The remaining 10 items on the list include:

  1. Handbags and luggage: 13.5% price increase
  2. Clothing, knitted or crocheted: 12.5% price increase
  3. Clothing, not knitted or crocheted: 11.5% price increase
  4. Shoes: 10.5% price increase
  5. Footwear, except shoes: 9.5% price increase
  6. Headgear: 8.5% price increase
  7. Umbrellas: 7.5% price increase
  8. Needles, hooks, and eyes: 6.5% price increase
  9. Needles, pins, and other fasteners: 5.5% price increase
  10. Thread and yarn: 4.5% price increase

The report notes that the tariffs are expected to have a significant impact on the prices consumers pay for these goods, particularly for those in lower-income households who may already be struggling to make ends meet.

The Trump administration has argued that the tariffs are necessary to protect American industries and intellectual property from what it sees as unfair Chinese trade practices. However, critics argue that the tariffs will ultimately harm American consumers and businesses, and may even lead to retaliatory measures from China.