It was the short -term expected effect of customs tariffs established by Donald Trump: an acceleration of inflation, especially in certain products imported from China. Since April 2, Chinese products that enter the United States have been attacked by a customs surcharge of 145%, much more than any other Washington’s commercial partner when the US president has suspended most customs tasks until July 9. However, many products sold on American shelves are made in China.
This is how the Telsey Cabinet Advisory Group pointed out the price variations of some of these articles between April 16 and 30. And Trump’s customs measures have already begun to have their effect. The price of a Barbie doll, for example, increased by 43%, from 10.49 to almost $ 15, while a hydromassage washing machine has seen its price by almost $ 82 to reach $ 600. At the end of last month, one of the Louis Vuitton shopping bags sold 100 dollars more than April 16, around $ 2,130.
Tesley emphasizes that its analysis does not allow an overview of the possible inflationary effects of US customs tasks and that certain products have even seen their stagnant price, or even decrease in recent weeks. On the other hand, the company considers that these inflationary effects will obtain visibility for US consumers: “A recurring discourse between distributors and brands is that the increase in costs will be transmitted to consumers.”
Few production relocation projects in the United States
If several companies have expressed their intention to diversify their supply chains, they are not much to consider the trace of a relocation to the American soil such as the Mattel toy manufacturer.
On Monday, the group, which manufactures Barbie dolls, among others, also announced the suspension of its annual forecasts due to the increase in customs tariffs of imported products to the United States, saying that you cannot anticipate household expenses, even for Christmas, a crucial period in terms of sales. However, Beijing and Washington are currently carrying out Pull -Us in Switzerland to try to resolve the commercial war that opposes them. Upstream of these conversations, Donald Trump even raided the way for the 80% decrease in customs directed to China, which could result in a weakened inflationary effect on US shelves.
Source: BFM TV
