Trump’s 10% Tariff Set to Elevate Costs for Back-to-School Apparel and Footwear Amid Global Trade Turmoil
President Trump’s newly implemented tariffs will significantly increase prices on imported clothing and shoes, potentially impacting back-to-school shopping costs for families.
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The expected barrage of apparel price increases would follow three decades of stability.
Tariffs will make sneakers, jeans and almost everything Americans wear cost more, trade groups warn
ABC News·14d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.The expected barrage of apparel price increases would follow three decades of stability.
Tariffs will make sneakers, jeans and almost everything Americans wear cost more, trade groups warn
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Trump’s sweeping changes have roiled global markets, with China, hardest hit by the tariffs, announcing a slew of countermeasures, including extra levies of 34% on all US goods and export curbs on some rare earth minerals.
Trump tariffs come into effect in ‘seismic’ shift to global trade
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The agency has already pulled in billions from earlier Trump executive orders.
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With inflation and tariffs severely affecting the U.S. economy, grocery shoppers may need to be more diligent in their couponing going forward.
What grocery items may cost more due to Trump's tariffs? Seafood, coffee, olive oil, more
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Ultimately, this is the first social media trade war.
Trump has turned his back on the foundation of US economic might
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Tariffs are all part of President Trump's plan to divorce the United States from the global economy and return to a system of self-reliance.
With sweeping tariffs, Trump tries to rewind globalization
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Trump's decision to use his simplified formula also scuttled weeks of efforts by government officials across federal agencies, who had deliberated over how to set the tariffs while taking into account a wide range of tariff and non-tariff barriers and global trade practices, the newspaper's report said.
Donald Trump's tariff formula "based on an error"—Conservative think tank
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America’s large trade deficit was also cited as a reason for the tariffs.
US International Trade Deficit Narrows in February
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Trump's Wednesday tariff announcement shook global stock markets to their core, wiping out $5 trillion in stock market value for S&P 500 companies by Friday's close, a record two-day decline.
U.S. starts collecting Trump's new 10% tariff, smashing global trade norms
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There’s too much rot in the American character to believe that our country can sustain the will, clarity, or cunning to defeat an enemy as formidable as modern China.
Our Best Stuff From the Week the Trade War Started
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The uncertainty that is the recessionary force makes a recession certainly a whole lot more likely.
Beyond tariffs: Noted economist explains why Trump policies are 'really bad for business'
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Critics of Trump’s tariffs, which triggered a dramatic stock selloff, say that his reciprocal formula ignores the fact that certain countries have a comparative advantage in producing goods due to their lower labor costs, natural resources or climates more suitable to certain agricultural products.
Ex-PM Tony Blair urges UK leaders not to retaliate against Trump tariffs
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Still, the “Liberation Day” tariffs have been scrutinized by both sides of the aisle amid stock market dips and questions around how the taxes will impact consumer prices.
Labor secretary lauds jobs report, Trump tariffs
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The hosts examine the factors that led to its weakening.
These Tariffs Aren’t Adding Up
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The initial 10 percent “baseline” tariff took effect at United States seaports, airports and customs warehouses at 12:01am ET (04:01am GMT) on Saturday, ushering in Trump’s full rejection of the post-World War II system of mutually agreed tariff rates.
Trump’s 10 percent tariff takes effect, raising fears of global trade war
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Summary
President Trump’s administration has instituted a 10% tariff on a wide array of imports, prompting concerns that back-to-school expenses for apparel could rise sharply. Industry groups warn that these tariffs, impacting 97% of U.S. clothing and shoes, could see prices soar. For example, children's shoes currently priced at $26 could jump to $41. The tariffs—up to 54% on Chinese goods and 46% on imports from Vietnam—are expected to disrupt global supply chains and exacerbate price pressures for consumers already facing inflation. Amid a historic market downturn, Trump's trade strategy faces robust international backlash, particularly from China.
Perspectives
Trump's tariffs represent a significant shift in U.S. trade policy, reflecting an attempt to use tariffs as leverage in negotiations with other countries rather than as a necessary economic measure.
China's retaliatory actions against the tariffs highlight a potential escalation into a broader trade war, with both sides imposing substantial duties that could disrupt global trade relationships.
The economic impact of the tariffs is already being felt, with stock market volatility and fears of recession stemming from investor uncertainty about U.S. trade policies and their ramifications.
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