2. Furniture
Nearly three-quarters of all furniture sold in the U.S. is manufactured overseas. That includes sofas, coffee tables, bed frames, and office chairs. With the new tariffs, these items could see sharp price increases. If your home needs a furniture upgrade, now may be the time to act.
3. Clothing, Towels & Summer Essentials
Everyday items like shoes, beach towels, and summer wear may also become more expensive. Many of these products are made abroad, and with new import costs added, shoppers may see higher prices on seasonal goods.
4. Groceries & Produce
Food is a particularly sensitive area, and price changes here affect everyone. A large portion of the U.S. supply of fruits, vegetables, and nuts comes from Mexico and other countries. If tariffs are applied to these goods, grocery bills could rise noticeably in the coming months.
5. Appliances
Large home appliances like washing machines, dishwashers, and refrigerators may also be impacted. Steel-heavy products have already seen tariff-related price bumps in recent years, and this latest round could make kitchen upgrades even more expensive.
6. Pharmaceuticals
One of the most attention-grabbing moves in this policy rollout is the proposed 200% tariff on imported medicines. While the goal is to encourage domestic production, some experts believe the added costs could impact consumer prices at the pharmacy. This change may take longer to go into effect but could affect a significant portion of the pharmaceutical market.
Plan Ahead and Shop Smart
With these tariffs scheduled to start on August 1, many retailers may offer promotions in the coming weeks to move inventory before prices rise. Staying informed and shopping strategically could help you avoid higher costs in the future.
As always, it’s wise to keep an eye on policy updates and consider making essential purchases sooner rather than later.