8 Products That Soon May Cost More Due to Trump’s Tariffs

The 25% tariff that the United States imposed on July 16 on $34 billion of imports from China (with $16 billion more to come, likely in August) touches nearly every corner of American consumers' lives. Why? Because it's effectively a tax that represents a cost to U.S. producers, wholesalers and retailers. Sooner or later, it gets passed on to consumers in the form of higher sticker prices for everything from an X-ray to a new car. The only real question is how quickly it happens.

Companies that import their products have limited choices: absorb the extra cost of the tariff, increase selling prices immediately, shift production to other countries or do some combination of the three.

Initially, expect a relatively limited impact on consumers because companies will hold the line on prices while they monitor what action competitors take. Plus,