Companies Affected From Trump’s Tariffs

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Trump imposed a ten percent baseline tariff for most imports and a 30% tariff on most Chinese goods. Anything from basic necessities like groceries and clothing to toys and cars could cost Americans much more. Walmart has recently reported it would sell more expensive goods because Trump’s tariffs are “too high.” Many other major retailers have also been suggesting they could hike prices, including Ford, Best Buy, and others. 

On May sixth, the massive toy manufacturing company Mattel said that it would raise prices due to Trump’s tariffs. Chief Executive Ynon Kreiz told investors that in response to tariffs, he expects 40% to 50% of its products to remain priced at $20 or less. Though, he strongly advocated for zero tariffs on toys and games around the world. Trump responded to Mattel’s statement by threatening them, saying he will “put a 100% tariff on his toys, and he won’t sell one toy in the United States and that’s their biggest market.”

The globally known Chinese retailers Shein and Temu were once largely exempt from tariffs because of the "de minimis" exemption, which spared shipments of goods worth less than $800. Unfortunately for many buyers, Trump signed an executive order getting rid of the exemption making the two companies change their prices. “To keep offering the products you love without compromising on quality, we will be making price adjustments starting April 25, 2025,” Temu wrote in a notice.

Ford and Subaru have also been affected with tariffs. Imported cars are one of the biggest companies who are affected with tariffs. They were hit with a 25% tariff, some automakers can request partial refunds for now. Subaru said it will increase US prices to “offset increased costs,” citing “current market conditions.” Though Subaru did not specify how much their car prices would increase.