Briefing

INFORMATION ABOUT THE MARKETS AND YOUR MONEY

- LISA GERSTNER

AS TARIFFS TAKE EFFECT, YOU MAY PAY MORE FOR THESE GOODS

Following a brief enactment of so-called reciprocal tariffs on imports in April, President Trump put a 90-day pause on plans to levy those duties—with the exception of China, which was subject to steep tariffs of 145% at press time.

But a baseline global tariff of 10% remained in place, along with tariffs on aluminum and steel as well as automobiles. A result is that certain consumer products are more likely than others to face significant price increases. Although sellers will absorb some of the impact, consumers will feel the pain, too. Here's a rundown of items that may be particularly susceptible to rising prices.

Vehicles.

In early April, imported vehicles became subject to 25% tariffs, and car parts sourced from other countries were scheduled to face 25% tariffs by May 3.