Experts told bi experts

If you think the grocery cost was high before, experts, economists and supply chain experts have some bad news.

President Donald Trump announced on Wednesday that 10 % of the customs tariff for goods from any country has been imported to the United States, to the high definitions of 60 commercial partners with a continuous trade deficit with the United States.

The “Tahrir Day” tariff widely affects countries including China and Japan, as well as the European Union, and the regions near Antarctica, which are only inhabited by penguins. they Come in addition to the current definitions against the best commercial partners in the United States, Canada and Mexico.

For consumers, the increasing import costs resulting from the aggressive tariff plan for Trump will lead to the high prices of everything from food stores such as coffee and sugar to clothes and large purchases such as cars and devices.

Erney Tedchi, director of economics at the Yale University Laboratory, said that the high prices of the total price of commodities in the United States will increase by 2.3 %, which costs the medium consumer family about $ 3,800 this year.

Tedeschi Business Insider told that the current definitions against Mexico and Canada alone represent a price increase of 1 % expected of about $ 1700 per family. The definitions are expected to lead the “Liberation Day”, which was announced on Wednesday, to an increase of 1.3 %, or 2100 dollars per family.

“Therefore, 1.3 % may not seem much for the average person, but 2100 dollars is a meaningful amount,” Tedishi said. “Now, of course, this is average, so if you open the cover on this number, there is a distribution below this number.”

High prices on food stores and production

The accurate intention behind the Trump tariff plan is still unclear – the president says his main goal is to re -manufacture jobs to the United States, but some analysts suspect that he may try to move the recession to reduce interest rates intentionally – the stock market has benefited in response to uncertainty.

Imports from some countries will be hit with higher definitions than others, which leads to an uneven price increased through industries. For example, China – which is largely imported machines, devices, furniture, games and electronics to the United States – A 54 % tariff will be subject to new definitions (34 %) and those announced in advance. The goods from the European Union, which primarily imports medical, pharmaceutical and cars, will be subject to a new tariff of 20 %.

Tidshey said that the cost of clothes is expected to increase by about 8 %. He added that the prices are expected to increase from the store, such as sugar and coffee by about 1.3 %, while fresh products are likely to increase by 2.2 %.

“The luxury of eating our favorite fruits and vegetables, regardless of the season, depends on global imports with many Central and South America.” “The definitions will make many of these nutrients cannot be tolerated.”

The United States, Mexico, and Cananga Convention, which replaced the North American Free Trade Agreement in 2020, maintains the treatment of the bile of most agricultural products, textiles, clothes and other commodities that meet the rules of origin in the commercial agreement. But while the United States gets many of its products from neighboring Mexico free of tariffs, including tomatoes, avocado and strawberries, other imports will face high prices-such as grapes from Peru or bananas and mango from the Philippines.

“The global supply chain management and the influence of organizational policies,” Chris Tang, a professor of global supply chain and the impact of organizational policies, said, “Chris Tang, a professor of global supply chain management and the impact of organizational policies.

Storage and alternatives

Of course, consumers and companies will try both alternatives. However, Tedeschi said it takes some time to clarify the new supply chain methods, stores to expand their shows, and to clients flounder suitable alternatives to their typical preferences.

“Therefore, you may eat, literally and metaphorically, the increase in prices in the short term, where you discover what the right alternative is, but there are areas where there will be available alternatives,” Tedishi said. “Let’s say that coffee, for example, was imported from Colombia. If Starbucks has a supply chain agreement with Colombia, over time, they will be able to turn this to another country or another resource to alleviate the cost of customs tariffs, and perhaps.

Some, like the “Shark Tank” star, suggested that Americans start storing goods now to avoid high prices. They say that retailers may raise prices and “blame customs duties”, even if their goods are made by the United States. While experts who spoke to Business Insider say this may be true, purchase of panic may harm supply chains and cause high prices as well.

“This type of shift in demand would actually exacerbate this increase in prices,” Tang said. “If the demand is more stable, the price is more stable. If everyone begins storing toothpaste and toilet paper, the prices rise.”

Low income families will bear the greater burden

This is just an immediate effect on daily consuming items.

The ability of the Consumer Technology Association in January a report Trump’s tariff can increase the price of laptops and tablets by 46-68 %, 40-58 % video game devices, and smartphones by 26-37 %.

Car imports will see a tariff exceeding 25 %, which can translate into $ 12,000 or more based on the average price of the car 48,000 dollars. Some car manufacturers responded to definitions by offering employee pricing deals, while others stopped work in their factories and started cutting employees, according to the previous Business Insider.

Each family will not be affected by the same definitions, either. In response to Trump’s commercial plan, Tedchi said that low -income families will spend about two and a half times of their share of income more than the families they will get.

Kid said that medicines, which represent $ 251 billion of imports, will face a 20 % tariff to more than 50 %, which will not confirm unattended Americans without insurance and may put the way to increase their opponent for those who are covered under the employer’s health plan.

“It is likely to buy low -income families. It spends a greater share of their income from high -income families, and therefore they are more vulnerable to the definitions of higher income families,” said Tedchy. “It is clear that people care about food for food, but this also has the effects of a distribution as well. The higher the price of food, the higher the low -income families as well.”