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These Three Items Will Be Hit The Hardest Thanks To Trump’s Tariffs

Mac Slavo
September 24th, 2018
SHTFplan.com
Comments (30)
Read by 3,954 people

The Trump administration’s insistence on a trade war will affect three items the most. Americans will be footing the bill for president Donald Trump’s trade war and tariffs, and vacuums, tires, and computer parts will be the items hit the hardest.

By now, hopefully, Americans have put two and two together and figured out that it isn’t the Chinese government that will pay for Trump’s tariffs, but the Chinese consumer. Much like the American government will not pay for China’s tariffs, it will be the American consumer. Those costs are passed on directly to the public in the form of higher cost of goods. And if you’re looking for a new vacuum or tires, or maybe you’d like to upgrade your computer, expect much higher prices immediately.

President Donald Trump announced a new tariff on $200 billion worth of Chinese goods on Monday. The tariffs, which go into effect September 24 (today), will hit a wide range of goods, from furniture to industrial chemicals and Americans already living paycheck to paycheck will definitely feel the pressure in their wallets. It’s about to get a lot harder to make ends meet thanks to the government.

Economists expect that the items hit by the 10% tariff will cause an increase in price, making those goods more expensive for United States consumers and businesses. A total of 5,745 items will see their prices jump, but some goods will go up sharply while others will only rise a small amount. Business Insider analyzed data from the US Trade Representative’s tariff list and the US Census Bureau’s database, and the Trade News Centre broke down how much of each good was exported to the US from China in 2017 to determine the most important items that will get hit.

There were 14 items on the tariff list that topped $1.5 billion in import value last year. The goods spanned several industries, including auto parts, circuit boards, and chairs. But tires, an already expensive necessity for most Americans (who already put it off because tires often cost more than a month’s worth of rent), will likely leave the biggest dent.

Economists are also warning that the increase in inflation from the new trade war attack “will be meaningful” and Americans will feel this financially immediately. The other horrible consequence of Trump’s trade war is a loss of jobs. As businesses face higher costs for input goods, companies in the US are being forced by the government to either cut back in other areas (such as laying off workers) or pass along the price increase to consumers. Neither of those are good options for an economy on edge and a nation $21 trillion in debt.

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Author: Mac Slavo
Views: Read by 3,954 people
Date: September 24th, 2018
Website: www.SHTFplan.com

Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.

30 Comments...

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  1. Jim in Va. says:

    All those items can be made here…bring them back. There are also other countries that make these things.

  2. Anonymous says:

    Geezzzzz……. how are we going to recover from these hideous tariffs on foreign products?

    What do Trump and his cohorts expect us to do? Actually go to work and make our own to replace them?

    That’s as un-American as it gets, we deserve almost free cheap stuff we don’t have to work very hard for, and Trump’s trying to take it away and make us work for it instead.

    Imagine that!

  3. Obama put tariffs on Chinese tires in 2009 from 25% to 35%. It worked at first…Chinese tire imports dropped by 28% in 2010. But soon, other far eastern countries like South Korea, Thailand, and Indonesia made up the difference. The US tire companies continued to shed jobs. The tariffs expired in 2012 and Chinese tire imports went back up.

    Think about this. Realistically, unless US wages can compete with “s—hole” countries, or you put tariffs on every one of them that can produce slave labor products, tariffs will not work. It’s too much of a global economy with international supply chains. Even the machinery is gone from the US so all of that would need redone before any part of the foreign supply chain comes back. I don’t see really see that happening and I don’t think wages can compete either.

  4. NorseMan says:

    Horrors! The Chinese will need to print up a bunch of ‘Made in Korea’ stickers and slap those onto their products, while setting up ‘shell’ companies in Korea. Load in China, stop in Korea for kimchee, then import into US.

    Impossible? This is just what American car companies do, what the last ‘American’ TV company does, and what all the ‘Made in the USA from globally sourced products” do.

  5. kovran says:

    Production must be returned. It should be done gradually and by industry, not all at once. Otherwise, inflation will be

  6. Fling says:

    This author comes across as very anti-Trump….as someone with myopia also present in the financial reports he/she/it produces. This is not what we need today. What isn’t getting more expensive? Who wants Chinese tires or anything else for that matter? Allow Trump to conduct the affairs of the nation in the same grand way he has initiated.
    Leave him alone, he is the greatest president this country has had in over a century.

  7. Chairs? What kind of chairs? Not electric I hope.
    Kira Sedgwick chairs?

    Sitting in chairs longer than three hours per day is deadly according to recent medical research. Do your thighs a favor. Instead of buying Chinese chairs, adopt a Chinese custom, squat.

    Stand at your desk. Use an exerciser on the floor as you stand. Every 45 min. walk for a minute. Every three hours take a break. Use the restroom. Exercise, stretch, lift weights, walk. Return to your desk but remain standing. Sit for the last hour before leaving work. Ride a bike home, jog, take a train standing, or just drive to the gym and home.

    It is important to stay fit. Take a class in Chinese martial arts. The best things that ever came from China were spaghetti noodles, gun powder, and Bruce Lee.

    _

  8. Anonymous says:

    Chuck Norris doesn’t need gun powder. One punch and he will shoot Bruce Lee AND his noodles into the great beyond…if he wasn’t already there.

  9. runnamuck says:

    all of you have this fine advice but not one of you has made 10 billion dollars like PRESIDENT TRUNP I think he knows what hes doing

  10. GRAVE YARD OF THE USED says:

    EVERY THING GOES SOMEWHERE !
    WHAT TO DO WHEN THERE ARE TO MANY ?
    WELL YOU JUST HAVE TO HAVE AN ACCIDENT !

  11. Anonymous says:

    Actually looking for truck tires but not any that come from China that’s for sure. Wouldn’t buy any cheap Chinese crap anyway.

  12. aljamo says:

    All government is organized crime and always has been. But somehow the people of America think voting gives them a voice in matters related to their ability to progress while the reality hammer proves the opposite. Peak America is a fading memory, when no amount of money is enough to survive the inflation cooked into the books. The military police state guarantees this outcome.

  13. Rocky Mountain Steve says:

    Hey, folks
    Gotta remember that hundreds, maybe thousands of U.S. companies moved to china to take advantage of their lower labor costs. So those recent tariffs are going to raise prices of “American” goods coming back home to us. “Bring manufacturing back to the U.S.” is a great idea but just remember that those labor costs will climb from $3 a day in China to $8, $10, $15 dollars an hour back home…so that Apple G-5 Iphone could go from $5,000 a piece to $8,000 or $10,000 each. No problem…just think of the huge amount your paycheck is going to increase in the next year or so when locally made products double in price.

  14. Southpaw says:

    “By now, hopefully, Americans have put two and two together and figured out that it isn’t the Chinese government that will pay for Trump’s tariffs, but the Chinese consumer. Much like the American government will not pay for China’s tariffs, it will be the American consumer.”

    And it will be the American people who pay for the wall.

  15. Southpaw says:

    Trump has made hundreds of millions off his line of MAGA merchandise, all cheaply manufactured in China, not in the USA. The hypocrisy is a real bad sign right there.

    This presidency has made him a much richer man than he already was before taking office. Don’t believe he lost money. You’re a fool if you believe that. He has enriched himself like all the others. The Clinton’s, the Bush Crime Family, the Trumps, all crooks. All of them.

  16. rellik says:

    As a rule I don’t buy anything from China if I can get it elsewhere.
    But I have sitting in my shop 10.6 kW of solar panels. They cost $0.60 per Watt including shipping, truck rental, and other incidentals. They were made in China by Hanwa Solar one( A Korean company).
    The same panel Assembled, but not manufactured in America, would be twice that price. Robots put these things together.
    What is the difference?
    Democrats, regulations, and Politics.
    Americas problem is Democrats and the
    cost of their existence in the world.

  17. Sheep Dog says:

    It is time to sacrifice.
    Us or them.
    Buy American, at every opportunity.

    Hell, even Carhartt is made in Honduras.

  18. Glenn says:

    Taking s step back and looking at things objectively there’s no hiding from the fact that Trump’s trade war is going to savage state economies, particularly in the Mid-West.

    When coupled with the GOP efforts to now impose severe austerity to cover budget shortfalls that result from lost tax revenues from the GOP tax-plan give-a-way to well-connected GOP insiders, voters (whether they be Republican or Democratic) have only begun to feel the pain that increasing deficits and the loss of markets are now starting to deliver.

  19. Study boy says:

    Dont give a fuck I’ll pay or won’t buy

  20. bill w says:

    my scored cedar shingles went up $84 a square because there from canada! oh well glad i have what i need to finish! who gets the tariff money the gov??

  21. Alma says:

    We have only ourselves and previous generations to blame. We let this happen. I would rather pay the price now, than to leave my children, grandchildren and future generations of Americans with less than what afforded to us. Stop whining and pay the piper. Vote for people that really stand for our values. I’m sick and tired of people crying about how much this is costing them now! What about the FUTURE!

  22. Chukarguy says:

    Government at its finest. I’m in the cedar business. Approx 90% of all cedar roofing comes from Canada. Even our us manufacturers depend on Canadian mills to both buy from and even sell to. There is NO opposition on this issue. A genius us border agent mis-interpreted the softwood lumber agreement ( a joke in itself, but that’s another story) and claimed that cedar roofing (both shakes, shingles, and sidewall shingles) were NOT a finished product. Wtf? It arrives as is and gets installed. Total farce. Only those who want cedar pay.

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