According to a survey taken in July 2025, roughly 27percent of surveyed Americans were planning to make purchases because they expected prices to increase as a result of the tariffs.

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.

According to a 2024 survey, roughly two-thirds of Americans thought that increasing tariffs on foreign goods would increase prices in the country. Another ten percent agreed that increasing tariffs would have no great effect on prices in the U.S.

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

The US tariff policies, especially those affecting imports of technology solutions, could have a notable impact on the hybrid workplace market. Many of the tools and technologies enabling remote work, such as collaboration software, cybersecurity solutions, and IT infrastructure components, are imported from regions like China.

The imposition of tariffs on these goods could increase costs for both companies and end-users. It's estimated that tariffs could raise prices by up to 15-20% for certain imported software and hardware products used in the hybrid workplace. This increase in costs may slow the adoption of these technologies, particularly among small and medium enterprises (SMEs) that are more price-sensitive.

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• Economic Impact: Tariffs on imported technology could increase operational costs for companies relying on these solutions, slowing down market adoption.
• Geographical Impact: US companies, particularly SMEs, will face higher costs in acquiring the necessary technology for hybrid work solutions, reducing their competitive advantage globally.
• Business Impact: Companies in the US may need to explore alternative sourcing or pass on higher costs to customers, potentially leading to slower adoption or market growth in the hybrid workplace sector.

US Tariff Impact on Market

The livestock farming technology market is vulnerable to changes in US tariffs, particularly on equipment imported from countries such as China and other international suppliers. US tariffs could lead to an increase in production costs, raising prices for essential farming technologies like IoT sensors, automated feeding systems, and milking robotics.

These higher prices may hinder adoption, especially among smaller or rural farms that are already constrained by financial limitations. It is estimated that tariffs could lead to an increase in costs by up to 25% for certain imported technologies.

For farmers, this could result in delayed investments or a shift towards less sophisticated, lower-cost alternatives, potentially impacting the overall growth of the market in the US. Companies within the US may also need to source domestically or from other countries not impacted by tariffs, which could disrupt existing supply chains.

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• Economic Impact: Increased tariffs will lead to higher costs for both manufacturers and farmers, limiting the affordability of livestock farming technology, particularly for small-scale operations.
• Geographical Impact: US farms, especially in rural areas, will be more affected by price hikes due to reliance on international suppliers. This could result in slower adoption rates in these regions.
• Business Impact: Manufacturers and tech companies will need to re-evaluate their supply chains and may be forced to pass the cost increases to farmers, negatively affecting sales and profitability.

US Tariff Impact on Market

The US tariff policies could significantly impact the virtual content creation market, particularly regarding the costs of software and hardware imports, which are often sourced from countries like China. Tariffs could raise prices for key components like computing hardware, graphics cards, and certain software tools.

Estimated tariff increases could reach up to 25% on affected sectors, particularly for companies importing high-tech software solutions and hardware necessary for content creation. This could lead to higher costs for content creation services and software, potentially slowing the adoption rate in certain markets, especially for small businesses and independent creators.

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• Economic Impact: Higher tariffs increase operational costs for content creation companies, making software and hardware more expensive for businesses, which could reduce investment in new technologies.
• Geographical Impact: The US, as a major hub for virtual content creation, will face challenges with price hikes. The increased costs could impact content creators, especially in areas where small-scale operations are common.
• Business Impact: Companies may face higher costs for importing critical software and hardware components, leading to potential increases in the pricing of content creation services and tools, impacting profitability and competitiveness.

Audi is weighing the possibility of raising prices as a response to U.S. import tariffs, with a focus on localizing production within North America to alleviate costs.

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.

Tariffs have long been central tool in global trade policy. Learn how tariffs affect critical US industries, and how businesses are navigating their impacts.

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.

Conagra Brands, facing tariff-induced cost pressures on ingredients, may raise prices to protect margins, while exploring productivity improvements and alternative supply sources.

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

Pop Mart raises Labubu prices in the US and shifts production to Vietnam amid ongoing US-China tariff tensions, aiming to protect profit margins and adapt to market shifts.

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

US tariffs on imported technology components, including sensors and software used in affective computing systems, could increase production costs, thereby raising prices for both manufacturers and consumers. Affective computing systems rely heavily on sensors and speech recognition technology, which are often sourced from global suppliers.

Tariffs could lead to price increases of up to 15% for affected sectors, particularly sensors and software components, impacting the overall affordability of these technologies. This may slow adoption, especially in industries like healthcare and automotive, where cost-efficiency is crucial.

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• Economic Impact: Higher costs due to tariffs could make affective computing technologies less affordable for businesses and consumers, potentially reducing market growth.
• Geographical Impact: The US, as a key market, may see slower adoption of these technologies, especially in the healthcare and automotive sectors, due to price hikes.
• Business Impact: Companies may face margin pressures, leading to reduced profitability or the need to pass on higher costs to end consumers, slowing market expansion.

Key Takeaways:

• The affective computing market is expected to grow at a CAGR of 32.5%, reaching USD 1,130.8 billion by 2033.
• Healthcare, automotive, and advertising sectors are major drivers of market growth.
• US tariffs could lead to a 15% increase in prices for affected technology components.
• Touch-based technology and speech recognition software are dominant segments.
• North America holds the largest market share due to strong technological infrastructure.

In the week of May 14, 2025, roughly ** 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.

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.

Discover the impact of new tariffs on Vietnamese coffee imports and how they are expected to drive up US coffee prices, affecting robusta coffee supplies.

President Trump's sneaker tariffs are increasing costs for consumers and squeezing profits for producers, with significant economic implications for the U.S. sneaker market.