Camilla Jessen
Big-ticket items, groceries, even your meds—new tariffs could raise prices fast.
Starting August 1, 2025, sweeping new tariffs pushed by President Donald Trump will take effect, and they’re expected to hit U.S. consumers directly in the wallet.
While Trump has branded the move “Liberation Day,” the financial reality for many Americans could be much tougher.
That’s because, despite popular belief, tariffs are not paid by foreign manufacturers. U.S. companies that import goods will shoulder the costs and they’re expected to pass them straight on to shoppers.
Here are six categories where you could see big price jumps soon, according to Forbes.
1. Electronics: Phones, Laptops, TVs
Thinking about a new iPhone or finally replacing that old laptop? You’ll want to move fast.
While the exact tariff details for consumer electronics aren’t finalized, Forbes warns that even uncertainty could trigger early price hikes.
That includes everyday items like printers, keyboards, and monitors. Waiting might mean paying more.
“There is a lot of uncertainty on if such tech does see price hikes because of tariffs, so to avoid any worries, it’s advised you make that big purchase soon,” Forbes reports.
2. Furniture
Roughly three-quarters of the furniture sold in the U.S. comes from overseas, according to the Alliance for American Manufacturing.
That includes everything from bed frames and nightstands to dining tables and couches. If you’re eyeing a home refresh or starting college dorm shopping, don’t delay.
Without a sudden surge in domestic production, shoppers can expect prices to rise fast on imported furnishings.
3. Shoes, Towels, and Summer Essentials
Tariffs won’t just hit high-tech items. They’ll hit your closet too.
Apparel, bags, and home textiles are often produced abroad, and many will likely be subject to the new taxes.
“Men’s shorts, crossbody bags, and bath towels” are on Forbes’ watchlist of affected items.
4. Groceries and Produce
This one hits every American household.
The U.S. imported more than $45 billion worth of food and agricultural goods from Mexico in 2023, including two-thirds of all vegetables and nearly half of all fruits and nuts.
That means your grocery bill could jump significantly if tariffs are placed on food products. Forbes warns this might be one of the most impactful price hikes for families.
“Food is perhaps the most important item that will see an increase,” they report.
5. Washing Machines and Refrigerators
Steel-based appliances have already been targeted in past trade wars, with tariffs of up to 50% driving up prices.
Now, the next round of duties could push those costs even higher.
If you’re remodeling a kitchen, replacing a busted appliance, or upgrading your laundry room, now’s the time.
Waiting could mean paying hundreds more.
6. Prescription Drugs
Trump has announced plans for a 200% tariff on imported medicines.
The U.S. imported $212 billion worth of pharmaceuticals in 2024, making it one of the nation’s biggest import categories.
If implemented, this could drastically raise pharmacy prices for everyday Americans.
While the White House frames it as a way to boost U.S. production, the immediate effect would likely be higher costs for consumers as importers adjust to the new tax.
Final Word: Don’t Wait
With the tariffs set to begin August 1, the window to shop affordably is closing fast.
Whether it’s restocking pantry staples, grabbing new tech, or preparing for a home makeover, acting now could save you money.
Retailers may offer early sales to clear out tariff-exposed inventory, so keep your eyes open.
