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Laptops, Toys, Shoes, And Clothing to Cost Americans More: CNN

  • Writer: By The Financial District
    By The Financial District
  • 9 hours ago
  • 2 min read

President Donald Trump recently launched a U.S. trade war with every country via a barrage of tariffs set to take effect almost immediately. American consumers and businesses stand to pay a hefty price for that battle, Elisabeth Buchwald reported for CNN.


Toys made in China and sold in the U.S. may end up costing consumers at least 30% more than they currently do.



It’s no longer a question of what could become more expensive due to tariffs—but rather when.


And the short answer to what could become costly is, essentially, everything. According to the Tax Foundation, the average U.S. household will pay $2,100 more per year for goods due to tariffs.



China, Vietnam, and Taiwan were the top three foreign suppliers of laptops and tablets to the U.S. last year, shipping a combined $47.2 billion worth, according to federal trade data.


Nearly all consumer electronics—including smartphones and computer monitors—are likely to see price increases. China and Vietnam also shipped a combined $18.5 billion worth of shoes to the U.S. last year, accounting for nearly 70% of all shoes the U.S. imported.



China and Vietnam were the top two sources of foreign-made toys sent to the U.S. last year, shipping a total of $15 billion worth. The Toy Association estimates that 77% of all toys sold in the U.S. are manufactured in China alone.


“It’s just not an industry that is built to manage through a tariff of that magnitude,” said Greg Ahearn, president and CEO of the trade group, referring to the soon-to-be 54% tariff on Chinese goods.



Toys made in China and sold in the U.S., he estimates, will cost consumers at least 30% more than they currently do.


If you want a sense of just how much apparel the U.S. imports, look no further than the tags on your clothing. If you’re seeing a lot of China and Vietnam, you’re not alone. Both countries shipped about $14 billion worth of apparel to the U.S. last year, making them the top two sources of foreign-made clothes.




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