With retailers passing 80-100% of these costs to consumers, household budgets face unprecedented pressure from all directions. · lumber prices have risen nearly 13 percent in the past year, according to a june 23 report from the national association of home builders (nahb), and with higher import costs from tariffs , particularly those on canada and mexico, prices could get worse. We asked experts about what products could be impacted, from tech to home appliances. · prices for clothing and shoes, gloves and handbags, and wool and silk products will all increase by between 10% and 20% due to the tariffs trump has so far imposed, according to the yale budget. · the universal and reciprocal tariffs taking effect in april will cause another wave of increases by summer. Here’s what we know – and how it might change in the near future. · but amid all of the news, it can be unclear and confusing as to which everyday items and home products will actually get more expensive as these new tariffs set in. We talked to industry experts to find out where youre most likely to see costs rising with home goods, essentials, and materials. · trumps tariffs have officially taken effect. · so, what items cost more under trump’s tariff plan? · tariffs are driving up the cost of furniture, appliances, and fixtures, just as retailers run out of lower-priced inventory. Learn why now’s the time to buy and how to shop smart amid rising costs. Plus, they shared ways to save before potential increases.
