The ripple effects of Donald Trump's erratic trade policies have left consumers reeling. When the economist initially warned about tariffs, they were hesitant to provide specifics due to the complexity and variability across different industries and commodities. Tariffs aren't just a concern for imported goods; domestic items have also seen price increases as US businesses face higher costs from imported materials or components.
Since Trump's policies took effect, numerous companies have felt the pinch. Orvis plans to close half its stores by 2026 due to the "unprecedented tariff landscape," while Kids clothing store Carterβs has announced it will cut 300 jobs as tariffs eat into profit margins. The sporting and outdoor goods company is also downsizing.
As consumers navigate this new reality, they're facing a daunting challenge: triple-checking product origins and messaging sellers to confirm pricing. Shipments are getting stuck in customs and transit, with UPS disposing of some packages amid the backlog.
While there have been attempts at reducing tariffs, such as Trump's agreement with Chinese president Xi Jinping to trim tariffs by "10 percent," these promises are far from settled. The framework of any deal could change on a dime, leaving consumers feeling the impact regardless.
As for what happens next, the holiday season will be another test of US supply chains and Trump's commitment to his trade policies. Fake Christmas trees are made in China, and importers warn of possible shortages of decorations this year. In short, while there may be fluctuations in tariffs, one thing is clear: consumers will continue to feel the effects long after any deal is reached.
				
			Since Trump's policies took effect, numerous companies have felt the pinch. Orvis plans to close half its stores by 2026 due to the "unprecedented tariff landscape," while Kids clothing store Carterβs has announced it will cut 300 jobs as tariffs eat into profit margins. The sporting and outdoor goods company is also downsizing.
As consumers navigate this new reality, they're facing a daunting challenge: triple-checking product origins and messaging sellers to confirm pricing. Shipments are getting stuck in customs and transit, with UPS disposing of some packages amid the backlog.
While there have been attempts at reducing tariffs, such as Trump's agreement with Chinese president Xi Jinping to trim tariffs by "10 percent," these promises are far from settled. The framework of any deal could change on a dime, leaving consumers feeling the impact regardless.
As for what happens next, the holiday season will be another test of US supply chains and Trump's commitment to his trade policies. Fake Christmas trees are made in China, and importers warn of possible shortages of decorations this year. In short, while there may be fluctuations in tariffs, one thing is clear: consumers will continue to feel the effects long after any deal is reached.