If a 60% tariff on all Chinese imports is implemented, certain products are likely to become significantly more expensive, especially for items commonly sourced from China. Here are some key products you might consider stockpiling if you’re concerned about rising costs:
- Electronics: China is a leading exporter of electronics, including smartphones, laptops, and household gadgets. A tariff increase would likely raise prices on these items, making them ideal for stockpiling if you’re in the market for new tech.
- Clothing and Footwear: The majority of affordable clothing and footwear sold in the U.S. is imported from China. If tariffs are raised, expect a notable increase in clothing prices.
- Furniture and Home Goods: Many furniture items, home decor, and appliances are manufactured in China, so costs may rise sharply if tariffs are applied. Bulkier, expensive-to-ship items like sofas, cabinets, and tables could be particularly affected.
- Toys and Sporting Goods: China is a major supplier of toys, games, and sports equipment. With higher tariffs, these items may become pricier, so consider stocking up if you foresee a need for them in the near future.
- Tools and Hardware: Hand tools, power tools, and other hardware products also often come from China. These may see price increases, impacting anyone planning home renovations or DIY projects.
