24 Popular Items in NJ May Soon Be Very Expensive with Tariffs

I like to write about topics that will affect your everyday life.

For example, how much it will cost to buy everyday items.

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Everything from groceries, remodeling supplies, and electronics.

There is still much uncertainty about the President's plan to use tariffs to increase the United States' competitiveness.

It's also ever-changing. As I wrote this article, Mexico and Canada reached a 30-day pause on an estimated 25% tariff for both countries.

This whole situation warrants doing research and educating yourself. I know I learned a lot.

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What is a tariff?

According to Time Magazine:

Import tariffs, the kind of tariffs Trump is levying, are taxes placed on goods imported from other countries. There are also export tariffs, which are taxes on goods brought out of a country, though these are much more rare. There are several different types of tariffs, and the kind that Trump is imposing is known as an “ad valorem tariff”—meaning the tax on imported goods is calculated as a percentage of the product’s value.

We don't know how all these negotiations will play out.

Regardless of politics, we should all be hoping that they go well.

There may not be a 25% tariff on Canada, China, and Mexico, but some added tax will be placed on these countries.

When this happens, these countries will almost always raise the price of their goods to pay for the tariff.

We, the New Jersey consumers, will feel that cost. President Trump even said that we could "feel some pain."

ALSO READ: These are the Three Most Expensive Grocery Stores in New Jersey

Some obvious products originate primarily from these three countries, but some genuinely surprised me.

These tariffs will likely affect product prices in every area of our world.

Here are specific items that could see a significant price rise soon.