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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe tariffs announced by US President Donald Trump are expected to take effect on August 1, with an expected, medium-term impact on prices for a wide range of products. Indeed, there is no doubt that American consumers will have to buy their favorite products more expensive in the coming months, according to almost all economists
.If the launch in early June took place during the 90-day break announced in the wake of the tariffs, their entry into force on August 1 could mean an increase in the prices of some products. It is about:
- the Game Console. The second quarter marked an essential period for the Japanese manufacturer Nintendo, which announced on April 2 the launch of its Switch 2 console, the day President Trump announced his surcharges. In a trade agreement, Vietnam accepted the application of a 20% surtax on its products by Washington. Sold for 450 dollars, the console could increase by 75 to 100 dollars according to various estimates.
- clothes and shoes. The vast majority of clothes and shoes sold in the United States are not made locally but come, as in Europe, from Vietnam, Bangladesh or, increasingly, from African countries such as Kenya or Lesotho. These countries will see their goods overtaxed on 1 August. In addition to the Vietnamese case, products from Bangladesh are currently subject to a 35% surcharge, which Dhaka hopes to bring back between 15 and 20% before they come into force, according to the local
press.According to the American Clothing and Footwear Association, 20% of clothing imported into the United States comes from Vietnam and 11% from Bangladesh. For its part, the Budget Lab at Yale University estimated that the price of clothing should increase by 37% on average
.- Coffee; among the main import countries are Colombia, Vietnam or Brazil. The Portuguese-speaking country is also the one targeted by one of the largest increases in customs duties applied to its products, i.e. 50%, in retaliation according to Donald Trump for the “witch hunt” of which the far-right ex-president, Jair Bolsonaro, would be the victim of an alleged
coup attempt.- Laundry and cleaning products. The CEO of the Procter & Gamble group, which markets Ariel detergent, Pampers diapers or Gillette razors, among others, said that while many of these products are made in the United States, they are made from ingredients, a significant portion of which is imported. However, the groups do not intend to absorb the additional costs caused by customs duties. During a conference call with investors on Tuesday, on the sidelines of the publication of the group's quarterly results, Jon Moeller, warned that consumers will observe an increase in prices on the group's products during the summer
.- Chocolate; nearly half, or 47%, of cocoa beans imported into the United States come from the West African country, whose products should be taxed at 21% as of August 1. If manufacturers want to fall back on cocoa butter, Indonesian or Malaysian, customs duties will then be 19% or 25%.
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