Although the Trump administration argues that these measures will boost the national industry and reduce the commercial deficit, the reality is that both companies and consumers will face a scenario of price increases that will affect multiple sectors.
Products with greater impact on prices
The list of goods that will see an increase is extensive and covers from everyday products to technological articles and cars. Next, some of the most affected sectors stand out:
Impact on consumers
The immediate consequence of this policy will be a widespread rise in prices in different sectors. Although Trump argues that these long -term measures will reduce costs, experts warn that the immediate effect will be an increase in inflation and a decrease in purchasing power.
It is estimated that the average home in the US could face an increase of up to 2,000 dollars annually in expenses due to these tariffs. This will limit consumption capacity and force brands to restructure their price strategies to mitigate sales fall.
Challenges for companies and brands
Companies must find ways to compensate for additional costs without losing competitiveness. Retailers, in particular, will be forced to review their supply chain and optimize their price structure. For those companies that depend on imported products, such as the technology, clothing and appliance industry, the pressure on gain margins will be considerable.
However, national manufacturers could benefit from reduction in foreign competition. However, an increase in imported input costs could generate shortage of key materials and affect local production.
Consequences for other countries
The impact of these tariffs extends beyond the US, especially affecting nations with a strong commercial relationship with the country. Among the most affected are China, Vietnam, Bangladesh, India and several European economies.
-
China will face a 34% reciprocal tariff on its exports.
-
Vietnam will suffer rates of up to 46%, while Bangladesh will face 37%.
-
Brazil and Colombia They will see their exports of coffee and cocoa due to the new tariffs.
-
The European Unionwith 20% rates on machinery, food and drinks, you will see an increase in emblematic products such as wines, cheeses, olive oil and whiskey in the US market.
In contrast, Argentina It is in a relatively more favorable position, with a 10%tariff. Although the impact on its exports will not be void, the lowest rate compared to neighboring countries such as Brazil or Mexico could provide a competitive advantage in sectors such as agriculture and livestock.
And although Trump’s strategy seeks to correct commercial imbalances, its application will bring significant collateral effects. The increase in essential goods, inflationary pressure and the challenge for companies to maintain their competitiveness will mark a scenario of economic uncertainty in the short term.
Source: Ambito
