President Donald Trumps tariffs will lead to price hikes on everyday products.
Tariffsare import taxes on goods from other countries.
What Tariffs Are In Place?
Unsplash
He is expected to make more tariff announcements April 2 as well.
Trump has also implemented 25% tariffs on steel and aluminum.
Enough small talk.Here are some waysto earn extra cash, without all of the social stuff.
Meanwhile, Canada exports poultry, livestock and meats, grain and more.
Electronics
China is a major producer of electronics, including smartphones, laptops and televisions.
More From The Penny Hoarder:Our Picks for The Best Savings Accounts for This Month
4.
Home Appliances
Appliances such as refrigerators, washing machines and microwaves are often manufactured in China and Mexico.
More From The Penny Hoarder:6 Free Budgeting Templates To Help You Save In 2025
5.
More From The Penny Hoarder:Ditch Overpriced Car Insurance Now Save $500 Today
6.
More From The Penny Hoarder:The Best Balance Transfer Credit Cards
7.
Clothing and Footwear
Many apparel and footwear items are manufactured in China.
More From The Penny Hoarder:Is InboxDollars A Legitimate Way To Make Money in 2025?
cookies and Ritz Crackers.
Furniture
A significant amount of furniture sold in the U.S. is imported from China.
More From The Penny Hoarder:5 Strategies to Consolidate Your Credit Card Debt
10.
Toys
China is a leading manufacturer of toys.
The tariffs will lead to higher prices on various childrens toys, affecting parents and retailers alike.
China, South Korea and Japan have said they will jointly respond to US tariffs.
It sounds appealing right?
Check it out here!
