On the 25th local time, US President elect Trump announced that he will impose a 25% tariff on all products from Mexico and Canada entering the United States. In addition, Trump announced an additional 10% tariff on Chinese goods.

Trump proposed a 10% universal tariff on all imported goods in an interview last year. In November of this year, a study by the National Retail Federation (NFR) indicated that if Trump's proposed new tariff plan is implemented, American consumers could lose up to $78 billion in annual spending power. Research shows that these tariffs will affect consumer goods categories such as clothing, toys, furniture, appliances, footwear, and travel goods.

A Reuters analysis suggests that in recent years, American consumers have become more frugal and reduced non essential expenses, which has put sales pressure on retailers and consumer goods companies. Jonathan Gold, Vice President of Supply Chain and Customs Policy at the National Retail Federation, stated that retailers rely on imported goods and manufactured components to provide diversified and reasonably priced products. If these import tariffs are implemented, it will make the economic burden on low-income households even heavier, as tariffs will ultimately be passed on to consumers, leading to price increases.(This article is from the official website of Jian Dao www.seetao.com. Reproduction without permission is prohibited, otherwise it will be prosecuted. Please indicate Jian Dao website+original link when reprinting.) Jian Dao website strategy column editor/Li Xiu'e