Donald Trump’s trade war is expensive to Americans: proof with these five daily products

Game consoles – Donald trump's trade war expensive

The second quarter had marked an essential period for the Japanese manufacturer Nintendo, who announced on April 2 the launch of his Switch 2 console, the day of the announcement by President Trump of his surcharges.

If the launch in early June was made during the 90 -day break announced in the wake of customs duties. Consequently, their entry into force on August 1 could signify an increase in console prices, largely manufactured in Vietnam, a country which accepted, in a commercial agreement, the application of 20% surcharge on its products by Washington. For example, Sold for $ 450, the console could increase from $ 75 to 100 according to various estimates.

Its Japanese competitor Sony has already increased the prices of its PS5 console. Furthermore, in the wake of donald trump’s trade war expensive the ads of April 2, and could be tried to start again, just like Microsoft with its Xbox Series.

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Clothes and shoes – Donald trump's trade war expensive

The vast majority of clothes and shoes sold in the United States are not made on site but come, as in Europe, from Vietnam, Bangladesh or, more and more, from African countries like Kenya or Lesotho. So many countries that will see their property surcharged on August 1.

In addition to the Vietnamese case. products from Bangladesh are currently concerned by a surcharge of 35%, which Dacca hopes to bring between 15 and 20% before their entry into force, according to the local press. As for the Lesotho, the shock could be harsher: except change, its products should be faced with 50% customs duties.

According to the American donald trump’s trade war expensive association of clothing. shoes, 20% of clothing imported into the United States come from Vietnam and 11% from Bangladesh. The LAB budget of the University of Yale estimated that the price of clothing should increase by 37% on average.

Café

The Americans are, by far, the biggest coffee consumers in the world, in total volume. The vast majority is imported, according to the National Coffee Association. Among the main importing countries: Colombia, Vietnam or Brazil.

The Lus-speaking country is also the one targeted by one of the strongest customs duties applied to its products. 50%, in retaliation according to Donald Trump at the “witch hunt” of which the ex-far-right president would victim, Jair Bolsonaro, accused of attempted coup.

Colombia it should not experience an increase beyond the 10% basic already applied to all the products. entering the United States since early April.

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Detergent and cleaning products

If many of these products are made in the United States, they are from ingredients, a significant share of which is imported. However, groups do not intend to absorb the additional cost induced by customs duties.

In any case. this is the message of the CEO of the Procter & Gamble group, which markets the laundry Ariel, the Pampers diapers or the Gillette razors, among others. During a conference call with investors on Tuesday. on the sidelines of the publication of the group’s quarterly results, Jon Moeller, warned that consumers will observe during the summer an increase in prices on group products.

Chocolat

If they are not the biggest consumers in the world. per capita, the United States is the donald trump’s trade war expensive first chocolate importers, which mainly comes from Ecuador and Côte d’Ivoire, according to data from the US Ministry of Agriculture.

Almost half. 47%, cocoa beans imported to the United States come from the West African country, whose products should be taxed up to 21% from August 1. If industrialists want to fall back on cocoa butter, Indonesian or Malaysian, customs duties will then be 19% or 25%.