President Donald Trump says a comprehensive tariff for dozens of countries this week, and this will lead to significant prices for US consumers, economists and analysts. Everything from clothes to iPhone can be affected to homes to cars – not to mention retirement accounts as a result of The collapse in the stock market. (Passing down to see the menu).

Yale’s budget laboratory estimates that the average family in the United States will pay $ 3,800 annually as a result of the fees announced this week and up of the year, which includes a 10 % global tariff along with an additional specific tariff for 60 countries facing higher rates Under an unusual formula. This comes in addition to the previous tariff placed on Canada, China, Mexico, cars, steel and aluminum definitions. The US economy may generally lose $ 100 billion to $ 180 billion annually.

Fluent in the right The Tax Corporation says Definitions are the largest tax increase in American consumers since the 1980s. “You can look at it as a tax on consumers,” Ashish Shah, chief public investment official in Goldman Sachs, said in a media event on Thursday. Consumers “will bear the cost of high goods.”

It is too early to know how exactly how the customs tariff, which imposes taxes on goods imported from other countries, will affect the prices, or even the final prices that will end. Trump left the door open to negotiations. But below some financial and economic analysts are increasing to increase prices as things are now.

1. Grocery

The high price of eggs was a prominent issue during the presidential elections, and Trump said it would reduce prices on the first day of his presidency. With the declared definitions, prices will not only decrease, but the cost of many other groceries will likely increase before the end of the month, says experts. About 15 % of the total nutritional supply of the United States is imported, According to the Food and Drug Administration.

It is expected that the prices of products such as avocado, banana, grapes and watermelon are expected, as well as the prices of elements, including beef, cheese, chocolate, coffee, olive oil, seafood, and more. Fresh products are expected to witness a higher increase, according to the YALE Budget Laboratory.

2. Cars

Even without Trump’s tariff, car prices have increased significantly so that they cannot be affected for many. The average price of a new car was $ 49500 in the first quarter of 2025, According to Carburus. Meanwhile, new vehicles with less than $ 30,000 reached only $ 13 % of inventory, compared to 37 % in the first quarter of 2020.

With definitions, the average list price can exceed more than $ 3300 to about $ 52,800, according to Cargurus analysis. Meanwhile, the share of lists less than $ 30,000 will decrease more, while vehicles that are more than $ 50,000 will increase by 15 %. The YALE Budget laboratory places the average expected increase, at $ 4000.

“I couldn’t care less if they raised prices, because people will start buying American cars,” Trump, Trump NBC News’ said Christine Wilker last week.

Even used cars are not immune. The definitions are likely to increase the costs of reform, because many components are obtained from other countries.

3. The houses

Houses, very expensive historically, have been exposed to many buyers, will rise dramatically in light of the global customs tariffs – building average cost of the house An increase of 9200 dollarsAccording to the National Association for Home Builders (NAHB)/Wales Vargo Housing Market Index.

This is because many supplies used to build homes are imported from other countries. For example, the United States imported 11.8 billion feet of soft wood from Canada in 2024, which is a key component in home construction, according to NAHB.

Looted Also notice The cost of many other ingredients for homes, including devices, will increase. “NAHB estimates that about 7.3 % of all the goods used in the new residential construction originated from a foreign country in 2024.”

While Trump said that the goal is for companies to produce more goods and materials locally, experts say that doing this will take years – if it is not contracts. There are many elements that the United States cannot simply obtain or produce locally, like all this Canadian wood.

“NAHB urged the president to reconsider his directive to impose a tariff on Canadian, Mexican and Chinese goods, given the long deadline and the great production capacity necessary to create an additional local supplies,” The organization says.

4. Clothes

“Definitions” are not commensurate with clothes and textiles, as clothes prices rise by 17 % under all customs tariffs, “according to Yale’s budget laboratory.

Skin and clothing products are expected to increase 18.3 % and 16.9 %, respectively, in general, according to the YALE Budget Laboratory.

5. Alcohol

Wine prices are likely to increase because the United States imports large quantities of wine from countries in the European Union, Australia and New Zealand. It also imports beer from Canada, Mexico and Europe.

As with other elements in the list, the scope of prices in prices depends on producers, what country is imported, and the amount of increased cost they transfer to American consumers. This includes restaurants and bars – consumers nights have become more expensive.

6. iPhone and other technology

apple Most iPhone devices are produced in China, according to the Wedbush Dan Evz analyst. The “mutual” tariff placed on the country will send the cost of up to 43 % sky. According to analysts. Other Apple products – including iPad, Apple and AirPods – face similarities.

Apple is not the only technological company that will be hurt. Most of them depend on products from countries such as Taiwan, Vietnam and China. These countries affected by definitions of 32 %, 34 % and 46 %, respectively.

The definitions will not affect everyone equally

Experts say that low cards will feel the cost of increases more severely than other social and economic groups, as the price of basics such as food and clothes rises.

“The definitions of families at the bottom of the income ladder are more than those at the top as an income share,” the Yale budget lab notes.

Historically, the definitions led to high prices and a decrease in quantities of goods and services for business and consumers, according to the Tax Corporation. This has led to low income, low labor, and low economic product in the past.

This story was originally shown on Fortune.com

https://fortune.com/img-assets/wp-content/uploads/2025/04/GettyImages-2207597022-e1743816006135.jpg?resize=1200,600
2025-04-06 10:00:00