In early April, claiming to boost the country's domestic economy, President Trump made an executive order to implement new, widespread tariffs. In addition to the 10 percent baseline tariff imposed on all U.S. imports, Trump also announced specific tariffs on a number of important trading partners, such as the European Union, China, and Vietnam, which account for over 40 percent of all U.S. imports. According to a survey taken just after the announcement, roughly 20 percent of surveyed Americans were planning to make purchases because they expected prices to increase as a result of the tariffs.

According to a 2025 survey, nearly half of consumers in the United States intended to switch to more affordable alternatives of their favorite brands if prices rose due to Trump's proposed tariffs on international goods. Another 17 percent would stop purchasing the product altogether.

Procter & Gamble may hike prices amid potential Trump tariffs, with strategies focusing on cost-cutting and supply chain flexibility to address import vulnerabilities.

Chipotle CEO Scott Boatwright reveals the company's plan to absorb costs from Trump's tariffs, avoiding price hikes, with efficient sourcing and innovative operations.

US Tariff Impact on Market

U.S. tariffs on imported components, such as semiconductor chips, AI processors, and cloud infrastructure, have raised production costs for personal AI assistant technology providers. Many of these components are sourced from regions like Asia, where tariff increases have resulted in higher prices for the hardware necessary for AI assistants.

As a result, U.S.-based manufacturers may pass these increased costs onto consumers, potentially slowing adoption, especially among small to medium enterprises (SMEs). The impact of tariffs is particularly significant in the chatbot and customer service application segments, where scalability and efficiency are critical. U.S. tariffs are estimated to affect 10-15% of the personal AI assistant market, with cloud-based AI assistants and natural language processing technologies being the most impacted.

US Tariff Impact Percentage for Impacted Sector

The U.S. tariffs have impacted approximately 10-15% of the personal AI assistant market, particularly affecting chatbot solutions and cloud-based AI assistants that rely on imported semiconductor chips and cloud infrastructure.

Sources for US Tariff Impact Data

• Impact of Tariffs on Semiconductor and Cloud Technology: U.S. tariffs increase costs for AI hardware and cloud components.
• Cost Increases Due to Tariffs: Tariff-related price hikes for AI assistants.
• Adjustments in AI Supply Chain: U.S. companies exploring local production to mitigate tariff effects.

Economic Impact

• U.S. tariffs on critical components have raised production costs for personal AI assistants.
• Increased prices may deter adoption, particularly among cost-sensitive customers and SMEs.
• Despite these cost increases, the market remains robust due to strong demand across various sectors like customer service and entertainment.

Geographical Impact

• North America, especially the U.S., faces higher costs due to tariffs, which could slow adoption in certain applications.
• Asia-Pacific remains largely unaffected by U.S. tariffs, maintaining competitive production capabilities.
• Europe experiences moderate impacts but benefits from a diversified supply chain and reduced reliance on tariff-impacted regions.

Business Impact

• U.S. AI assistant manufacturers face higher operational costs, impacting profitability and pricing strategies.
• Price hikes could limit the adoption of personal AI assistants in smaller businesses.
• Companies are investing in local production and alternative suppliers to mitigate t...

Prices were expected to change for all agri-food products in the United States due tariffs imposed on China, Mexico, and Canada in 2025. Imported products were expected to suffer the greatest price increases, but domestic products would see prices rise too, mostly due to the fact that stages of the production process might involve raw materials from other countries. Among the domestic agri-food products processed, rice would see the highest price increase, with 4.8 percent, while among imported products wheat would see the highest increase at 14.9 percent.

US Tariff Impact on Market

US tariffs on key components of modular data centers, such as servers, cooling systems, and power units, could raise the overall cost of production, affecting the affordability of these data center solutions. As large enterprises, which account for 65.3% of the market, require scalable and cost-effective solutions, the increased costs could lead to a slowdown in demand, particularly for small and medium enterprises that may struggle with higher operational expenses.

However, the growing demand for flexible and energy-efficient data center solutions, driven by IT and telecommunications, could help mitigate the impact of tariff-induced price hikes. Larger enterprises may also seek alternative sourcing strategies to reduce costs, but the short-term impact could affect growth in the modular data center market.

US Tariff Impact on Sectors

• Modular Data Center Solutions: 4%-6%
• Cooling Systems: 5%-7%
• IT Infrastructure: 3%-5%

Economic Impact

Tariffs could increase production costs for modular data center components, raising prices for consumers. This could affect both large enterprises and SMEs, especially in regions with high cost sensitivity. Higher prices may slow the adoption of modular data centers, particularly for businesses with tight IT infrastructure budgets.

Geographical Impact

North America, the dominant region, will experience the most significant impact from tariffs due to its reliance on imported data center components. These increased costs may reduce demand in the U.S., slowing the growth of modular data centers, particularly in industries like IT and telecommunications that rely on cost-efficient solutions.

Business Impact

Companies in the modular data center market may face margin compression due to increased component costs from tariffs. Larger enterprises may absorb the costs, but SMEs could be adversely affected by price increases, resulting in lower adoption rates. This could also slow growth in North America's highly competitive data center market.

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US Tariff Impact on Market

U.S. tariffs on imports, especially in the fashion sector, have had a notable impact on the fashion e-commerce market. Tariffs on apparel and accessories, particularly those from China, have increased production costs for many U.S.-based e-commerce retailers.

As a result, the prices of fashion items sold online have risen, which may slow down consumer spending in the short term. U.S. companies relying on international suppliers for manufacturing are feeling the strain, pushing some to seek alternative, tariff-free regions for sourcing.

However, the impact may drive some companies to increase domestic manufacturing, creating local production opportunities. Over the long term, despite tariff-induced cost increases, the demand for fashion e-commerce is expected to remain robust due to the convenience and broad appeal of online shopping.

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• Economic Impact: Increased tariffs raise costs for U.S. fashion e-commerce companies, potentially leading to higher prices for consumers and affecting sales.
• Geographical Impact: U.S. fashion retailers are facing higher prices for imported apparel and accessories from China, pushing them to explore other sourcing options.
• Business Impact: Tariffs increase operational costs for fashion e-commerce businesses, leading to potential price hikes and margin pressures, slowing growth in price-sensitive segments.

Impact Percentage on Sectors

• Apparel and Clothing: +7-9%
• Accessories: +5-7%

US Tariff Impact on Market

US tariffs on imported components essential for micro data center infrastructure could raise production costs, particularly in areas like servers, cooling systems, and storage components. These cost increases could be passed on to consumers, especially impacting large enterprises that rely on extensive data storage.

While tariffs might disrupt the supply chain and cause price hikes, the growing demand for edge computing and smaller, more efficient data centers may still drive market expansion. Larger enterprises, which account for 62.6% of the market, may absorb the higher costs or source components from tariff-friendly regions, but these short-term price hikes could limit the adoption of micro data centers in smaller businesses and emerging markets.

US Tariff Impact on Sectors

• Micro Data Center Solutions: 4%-6%
• Storage Components: 5%-7%
• Edge Computing Solutions: 3%-5%

Economic Impact

Tariffs could increase the cost of critical components like servers and storage systems, raising the price of micro data centers. These higher costs may slow adoption, especially in cost-sensitive industries and smaller businesses, which could delay market growth and impact the profitability of companies operating in this space.

Geographical Impact

In North America, which holds 39.4% of the market share, tariffs could lead to higher prices for micro data centers, slowing adoption in the U.S. market. This could hinder growth in edge computing solutions and limit the adoption of micro data centers in regions with already high operational costs.

Business Impact

Businesses in the micro data center market could face margin compression due to higher tariffs on imported components. Companies may need to adjust their pricing models or absorb the additional costs, which could reduce their competitiveness. Smaller players could be particularly affected, potentially leading to consolidation in the market.

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Paramount Coffee Company is increasing prices as U.S. tariffs on imported coffee beans strain the Midwest coffee market.

Nigeria NG: Tariff Rate: Applied: Simple Mean: All Products data was reported at 12.440 % in 2016. This records an increase from the previous number of 11.270 % for 2015. Nigeria NG: Tariff Rate: Applied: Simple Mean: All Products data is updated yearly, averaging 23.000 % from Dec 1988 (Median) to 2016, with 23 observations. The data reached an all-time high of 87.190 % in 1995 and a record low of 9.940 % in 2009. Nigeria NG: Tariff Rate: Applied: Simple Mean: All Products data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Trade Tariffs. Simple mean applied tariff is the unweighted average of effectively applied rates for all products subject to tariffs calculated for all traded goods. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of simple mean tariffs.; ; World Bank staff estimates using the World Integrated Trade Solution system, based on data from United Nations Conference on Trade and Development's Trade Analysis and Information System (TRAINS) database and the World Trade Organization’s (WTO) Integrated Data Base (IDB) and Consolidated Tariff Schedules (CTS) database.; ;

In the week of May 14, 2025, roughly 44 percent of people in the United States said that they were willing to spend up to five percent more on products. This comes in the wake of trade tariffs that President Trump recently announced.

According to a 2025 survey, over one-quarter of Americans were planning on making electronics purchases because they expect prices to increase across the country as a result of Trump's proposed tariffs on all imported goods. Of those, 42 percent were between the age of 18 and 24, compared to only 12 percent 55 and older.

US Tariff Impact on Market

The imposition of US tariffs could have significant effects on the pressure sensors market, particularly due to the market’s reliance on global supply chains for key components. Tariffs on imported components like semiconductors and pressure sensors could lead to a 4-6% increase in production costs, especially for the automotive and industrial sectors.

The wired pressure sensor segment, which holds over 85% of the market share, may be especially impacted by increased material and production costs. Additionally, tariffs on goods from key manufacturing regions like China could slow down the innovation cycle and disrupt the timely supply of essential components.

This would result in higher pricing for automotive applications, including EGR and TPMS systems, and could potentially limit the availability of advanced pressure sensor solutions for industrial and medical uses. Companies may explore local sourcing alternatives, but this could lead to an increase in production time and cost in the short term.

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Economic Impact

• Increased tariffs could lead to a 4-6% increase in production costs for key components.
• Higher production costs could dampen the growth of pressure sensors in price-sensitive sectors like automotive.
• Increased operational costs might slow overall market expansion.

Geographical Impact

• North America may face slower growth due to higher component costs.
• Asia-Pacific regions may experience disrupted supply chains, affecting sensor availability.
• Regional shifts could lead to increased local manufacturing to avoid tariffs, altering global distribution.

Business Impact

• Increased costs could affect pricing strategies for the automotive and industrial sectors.
• Companies may need to adjust their market strategies to absorb tariff-induced price hikes.
• Smaller businesses may struggle with tariff-related cost increases, reducing their competitive market share.

US Tariff Impact Percentage for Impacted Sector

The wired pressure sensor segment could face a 4-6% increase in production costs due to tariffs. The automotive sector, representing 27% of the market, could see a 3-5% price hike, particularly affecting EGR and TPMS systems.

US consumers are preparing for tariff-induced price increases by stockpiling essentials, driven by a significant projected economic impact.

US Tariff Impact on Market

U.S. tariffs on imported components, particularly those used in the manufacturing of vacuum gauges, have led to increased production costs. The tariffs, primarily targeting components sourced from Asia, have caused a rise in the cost of key materials such as sensors, electronics, and mechanical parts.

As a result, U.S.-based manufacturers of vacuum gauges are facing higher costs, which they may pass on to customers, potentially leading to price hikes in the market. This has affected the affordability of vacuum gauges, particularly in industries with tight budgets such as research and development sectors.

Companies are responding by exploring alternative suppliers, increasing local manufacturing capabilities, and diversifying their sourcing strategies. The tariff impact is particularly significant for digital vacuum gauges, which depend heavily on imported electronic components. The U.S. tariff impact is estimated to affect about 15-20% of the market, especially in the digital gauge sector.

Tariff Impact Percentage for Impacted Sector

The U.S. tariffs are estimated to impact approximately 15-20% of the vacuum gauges market, with the digital vacuum gauge sector, which relies on imported components, being the most affected.

US Tariff Impact Data

• Impact on Components: U.S. tariffs increase costs for vacuum gauge components.
• Manufacturing Cost Increases: Price hikes due to U.S. tariffs on vacuum gauges.
• Supply Chain Shifts: Companies exploring alternate suppliers to reduce tariff impact.

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Economic Impact

• The U.S. tariffs have raised production costs for vacuum gauge manufacturers, particularly for digital models.
• Higher production costs could make vacuum gauges more expensive, reducing affordability in research and development applications.
• The market continues to grow, but tariff-induced price increases may slow down adoption in price-sensitive sectors.

Geographical Impact

• North America, particularly the U.S., faces higher prices for vacuum gauges due to tariffs on imported components.
• Asia-Pacific, particularly China, remains largely unaffected, maintaining its cost-effective manufacturing advantage.
• Europe is seeing moderate impacts, but benefits from more diversified supply chains and less reliance on affected components.

Business Impact

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This data package includes the underlying data files to replicate the data, tables, and charts presented in Why Trump’s tariff proposals would harm working Americans, PIIE Policy Brief 24-1.

If you use the data, please cite as: Clausing, Kimberly, and Mary E. Lovely. 2024. Why Trump’s tariff proposals would harm working Americans. PIIE Policy Brief 24-1. Washington, DC: Peterson Institute for International Economics.

Discover the effects of U.S. tariffs on Asian supermarkets, impacting prices of popular imported goods and affecting loyal customers.

Historical chart and dataset showing North America tariff rates by year from N/A to N/A.

United States US: Tariff Rate: Most Favored Nation: Simple Mean: Primary Products data was reported at 3.020 % in 2016. This records an increase from the previous number of 2.990 % for 2015. United States US: Tariff Rate: Most Favored Nation: Simple Mean: Primary Products data is updated yearly, averaging 3.570 % from Dec 1989 (Median) to 2016, with 27 observations. The data reached an all-time high of 4.340 % in 1997 and a record low of 2.940 % in 2014. United States US: Tariff Rate: Most Favored Nation: Simple Mean: Primary Products data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Trade Tariffs. Simple mean most favored nation tariff rate is the unweighted average of most favored nation rates for all products subject to tariffs calculated for all traded goods. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).; ; World Bank staff estimates using the World Integrated Trade Solution system, based on data from United Nations Conference on Trade and Development's Trade Analysis and Information System (TRAINS) database and the World Trade Organization’s (WTO) Integrated Data Base (IDB) and Consolidated Tariff Schedules (CTS) database.; ;