WASHINGTON, D.C. – U.S. consumers have already been feeling the impact of President Donald Trump’s new tariffs on products made in China.
According to the Associated Press, consumers are facing an additional 10% tariff on all Chinese products that took effect a day after Trump agreed to pause his threatened tariffs against Mexico and Canada.
US shoppers hit with tariffs and fees
What we know:
U.S. shoppers have taken to social media to report receiving notices from UPS and DHL stating they owed between $20 to over $50.
TikTok creator McKenzie Taylor, who is based in Washington, D.C. details her recent experience and receiving a text message about an additional $30 fee on her package being delivered through DHL from a boutique in Australia.
Trump’s executive order that imposed tariffs on products made in China also suspended a customs exemption that typically allowed goods worth less than $800 to come into the U.S. duty-free. The new order allows for the loophole to still be used with shipments from other countries, according to AP.
How much will prices increase?
What we don’t know:
It is unclear the dollar amount of price increases as a result of the newly imposed tariffs. In line with the new order, shipments from China will now be subject to existing duties plus the new 10% tariff imposed by Trump, analysts said.
“The vast majority of these orders are valued less than $800, which means all or virtually all of them are going to get caught in that,” Youssef Squali, an analyst at Truist Financial, said.
The Source: Information from the Associated Press and FOX 5 reporting contributed to this report.
