Hey KC. Here’s where your price increases will be coming from. Mostly (formerly) cheap crap from China. 🇨🇳
The actual price increase for consumers will depend on many factors such as country-specific tariff rates, duties the U.S. places on goods and manufacturing materials, and how businesses adjust pricing, economists said.
Here’s how the end of de minimis would impact some specific consumer goods, according to a FlavorCloud analysis:
$30 slippers (lightweight, premium cotton) from China would cost about $45, a 51% increase;
$37 nutritional supplements (plant-based, performance-formulated) from Canada would cost about $60, up 60%;
A $240 chef’s knife (with wooden handle and white steel) from Japan would cost about $298, up 24%.
Pablo Fajgelbaum, an economics professor at University of California, Los Angeles, and Amit Khandelwal, an economics professor at Yale University, write that de minimis is a “pro-poor trade policy.”