4. Furniture
A big portion of the furniture that is being sold in the U.S. is imported from China. With the new tariffs, prices for items like sofas, chairs, and tables are expected to increase. This poses challenges for retailers and consumers, especially given the global supply chain disruptions caused by the COVID-19 pandemic.
5. Toys
The toy industry is heavily reliant on imports from China, with approximately 80% of toys sold in the U.S. being manufactured there. The tariffs could lead to price increases of up to 56% for some toys, potentially affecting consumers’ purchasing decisions and impacting companies’ sales volume.
6. Footwear
Imported footwear, particularly from China, faces higher tariffs under the new trade policies. This affects a wide range of products, from sport shoes to everyday wear, potentially leading to higher prices for consumers and challenges for retailers in managing inventory and costs.
