The Trump administration’s tariffs were officially announced earlier this month, but the majority are currently paused for 90 days.
China is the exception, with tariffs averaging 125% and potentially reaching 245% on some imports, according to a White House fact sheet.
For several months, some economists have insisted that the increase in import costs caused by taxation will have a direct impact on retailers.
These increases would then be passed on to American consumers, who would pay more for goods to cover the increase.
Several major retailers, including Home Depot, Lowe’s, Target, and Walmart, have recently addressed the tariffs, sending representatives to the White House on Monday to speak with Trump, according to Bloomberg.
While it is unclear what the discussions entailed, a Home Depot spokesperson told the publication that the company has previously worked with administrations from “both sides of the aisle”.
It also stated that it would continue to meet with government leaders about its business moving forward.
Target, Walmart, and Lowes did not respond.
The meeting isn’t entirely unexpected, given that Trump stated earlier this month that he would be willing to negotiate with corporations over tariffs.
“We’ll also talk to companies,” the President told reporters in an April 13 statement.
“You know, you have to show some flexibility. Nobody should be this rigid.”
Nonetheless, several everyday products are expected to see skyrocketing prices in the coming months.
This includes tea, bananas, avocados, sneakers, home furnishings, video games, clothing, toys, washers and dryers, and even foreign-made automobiles.
Some billionaires, such as Mark Cuban, have urged American shoppers to act quickly and buy as much as they can while prices remain stable.
“From toothpaste to soap, anything you can find storage space for, buy before they have to replenish inventory,” Cuban wrote on Bluesky, a social media platform.
President Trump’s Reciprocal Tariffs
President Trump unveiled his reciprocal tariff plan on countries worldwide on April 2, which he declared as “Liberation Day.”
Reciprocal tariffs per country, which includes the 10% baseline fee:
- China: charges the US 67% tariffs, the US will counter with 34% reciprocal tariffs.
- European Union: charges the US 39% tariffs, the US will counter with 20% reciprocal tariffs.
- Vietnam: charges the US 90% tariffs, the US will counter with 46% reciprocal tariffs.
- Taiwan: charges the US 64% tariffs, the US will counter with 32% reciprocal tariffs.
- Japan: charges the US 46% tariffs, the US will counter with 24% reciprocal tariffs.
- India: charges the US 52% tariffs, the US will counter with 26% reciprocal tariffs.
- South Korea: charges the US 50% tariffs, the US will counter with 25% reciprocal tariffs.
- Thailand: charges the US 72% tariffs, the US will counter with 36% reciprocal tariffs.
- Switzerland: charges the US 61% tariffs, the US will counter with 31% reciprocal tariffs.
- Indonesia: charges the US 61% tariffs, the US will counter with 32% reciprocal tariffs.
- Malaysia: charges the US 47% tariffs, the US will counter with 24% reciprocal tariffs.
- Cambodia: charges the US 97% tariffs, the US will counter with 49% reciprocal tariffs.
- United Kingdom: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- South Africa: charges the US 60% tariffs, the US will counter with 30% reciprocal tariffs.
- Brazil: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Bangladesh: charges the US 74% tariffs, the US will counter with 37% reciprocal tariffs.
- Singapore: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Israel: charges the US 33% tariffs, the US will counter with 17% reciprocal tariffs.
- Philippines: charges the US 34% tariffs, the US will counter with 17% reciprocal tariffs.
- Chile: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Australia: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Pakistan: charges the US 58% tariffs, the US will counter with 29% reciprocal tariffs.
- Turkey: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Sri Lanka: charges the US 88% tariffs, the US will counter with 44% reciprocal tariffs.
- Colombia: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Peru: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Nicaragua: charges the US 36% tariffs, the US will counter with 18% reciprocal tariffs.
- Norway: charges the US 30% tariffs, the US will counter with 15% reciprocal tariffs.
- Costa Rica: charges the US 17% tariffs, the US will counter with 10% reciprocal tariffs.
- Jordan: charges the US 40% tariffs, the US will counter with 20% reciprocal tariffs.
- Dominican Republic: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- United Arab Emirates: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- New Zealand: charges the US 20% tariffs, the US will counter with 10% reciprocal tariffs.
- Argentina: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Ecuador: charges the US 12% tariffs, the US will counter with 10% reciprocal tariffs.
- Guatemala: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Honduras: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Madagascar (Burma): charges the US 88% tariffs, the US will counter with 44% reciprocal tariffs.
- Tunisia: charges the US 55% tariffs, the US will counter with 28% reciprocal tariffs.
- Kazakhstan: charges the US 54% tariffs, the US will counter with 27% reciprocal tariffs.
- Serbia: charges the US 74% tariffs, the US will counter with 37% reciprocal tariffs.
- Egypt: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Saudi Arabia: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- El Salvador: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Côte d’Ivoire: charges the US 41% tariffs, the US will counter with 21% reciprocal tariffs.
- Laos: charges the US 95% tariffs, the US will counter with 48% reciprocal tariffs.
- Botswana: charges the US 74% tariffs, the US will counter with 37% reciprocal tariffs.
- Trinidad and Tobago: charges the US 12% tariffs, the US will counter with 10% reciprocal tariffs.
- Morocco: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Moldova: charges the US 61% tariffs, the US will counter with 31% reciprocal tariffs.
- Angola: charges the US 63% tariffs, the US will counter with 32% reciprocal tariffs.
- Democratic Republic of the Congo: charges the US 22% tariffs, the US will counter with 11% reciprocal tariffs.
- Jamaica: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Mozambique: charges the US 31% tariffs, the US will counter with 16% reciprocal tariffs.
- Paraguay: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Zambia: charges the US 33% tariffs, the US will counter with 17% reciprocal tariffs.
- Lebanon: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Tanzania: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Iraq: charges the US 78% tariffs, the US will counter with 39% reciprocal tariffs.
- Georgia: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Senegal: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Azerbaijan:charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Cameroon: charges the US 22% tariffs, the US will counter with 11% reciprocal tariffs.
- Uganda: charges the US 20% tariffs, the US will counter with 10% reciprocal tariffs.
- Albania: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Armenia: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Nepal: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Sint Maarten: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Falkland Islands: charges the US 82% tariffs, the US will counter 41% with reciprocal tariffs.
- Gabon: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Kuwait: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Togo: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Suriname: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Belize: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Algeria: charges the US 59% tariffs, the US will counter with 30% reciprocal tariffs.
- Oman: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Uruguay: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Bahamas: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Lesotho: charges the US 99% tariffs, the US will counter with 55% reciprocal tariffs.
- Ukraine: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Bahrain: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Qatar: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Mauritius: charges the US 80% tariffs, the US will counter with 40% reciprocal tariffs.
- Fiji: charges the US 63% tariffs, the US will counter with 32% reciprocal tariffs.
- Iceland: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Kenya: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Liechtenstein: charges the US 73% tariffs, the US will counter with 37% reciprocal tariffs.
- Guyana: charges the US 76% tariffs, the US will counter with 38% reciprocal tariffs.
- Haiti: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Bosnia and Herzegovina: charges the US 70% tariffs, the US will counter with 35% reciprocal tariffs.
- Nigeria: charges the US 27% tariffs, the US will counter with 14% reciprocal tariffs.
- Namibia: charges the US 42% tariffs, the US will counter with 21% reciprocal tariffs.
- Brunei: charges the US 47% tariffs, the US will counter with 24% reciprocal tariffs.
- Bolivia: charges the US 20% tariffs, the US will counter with 10% reciprocal tariffs.
- Panama: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Venezuela: charges the US 29% tariffs, the US will counter with 15% reciprocal tariffs.
- North Macedonia: charges the US 65% tariffs, the US will counter 33% with reciprocal tariffs.
- Ethiopia: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
- Ghana: charges the US 17% tariffs, the US will counter with 10% reciprocal tariffs.
IMPORT ISSUE
Experts have warned that avocados and coffee are of particular concern.
Dr. Sung Won Sohn, a prominent economist, warned in a recent interview with the New York Post that because avocados are perishable and imported, they will become more expensive quickly.
Kona Haque, research head at commodity trader ED&F Man, also stated that the United States is the “single largest importer of coffee in the world.”
According to Haque, it is the “ultimate nation of coffee drinkers” and that tariffs would “immediately” increase costs.
“At the end of the day, chocolate and coffee are not like automotive or shipbuilding, which Trump is trying to encourage more domestic production of,” she told me.
“The USA simply cannot produce these products.”
INCREASES INCOMING
According to supply chain expert David Warrick, other industries that rely on imported materials will be affected in the same way.
“For industries like automotive, electronics, and pharmaceuticals, where global component sourcing is deeply embedded, this will be felt almost immediately,” Warrick told the New York Post.
“Expect higher input costs, margin pressure, and difficult decisions about what gets passed on to consumers.”
E-commerce behemoths like Shein and Temu, both founded in China, have already informed their customers that price increases will take effect before the end of the month.
Discount retailer Five Below has even decided to suspend some imports completely.
