The United States has now received the first shipping containers containing Chinese goods that are subject to the 145% tariff imposed by former President Donald Trump. On Saturday, May 10, CNBC News covered this story.
The first shipping containers carrying Chinese goods subject to the 145% tariff imposed by former President Donald Trump have finally arrived in the United States. This story was covered by CNBC News on Saturday, May 10.
The location of the items’ receipt
According to the report, almost 12,000 containers have already been emptied at two major ports in California:
- Port of Los Angeles
- Port Long Beach
These containers came from seven cargo ships that left China after the official announcement of the higher tariffs. Five additional ships with comparable cargo are anticipated to reach these ports in the coming days.
What’s Inside the Containers?
The containers are full of goods from well-known American companies that import products from China. These include:
- Amazon
- Home Depot
- IKEA
- Ralph Lauren
- Tractor Supply
The products range from daily household items to clothing and furniture. Despite the high tariffs, the demand for these goods remains strong in the U.S. market.
Read More: DMP Bans Protests in Jamuna, Secretariat and Surrounding Areas
Details on Company Shipments
Here’s a breakdown of what some of the major companies imported:
Amazon
Amazon has imported a wide variety of goods on behalf of different sellers. These items include:
- Refrigerators
- Deep fryers
- Mousepads
- Bookshelves
- Living room sofas
These are mostly household and electronic items that are commonly used by American consumers.
Tractor Supply
This company focuses on farming and rural lifestyle products. Their imports include:
- Portable drum fans
- Gardening tools
- Men’s work boots
These items are essential for customers in farming or outdoor work environments.
Home Depot
Known for hardware and home improvement, Home Depot has cleared the customs process for:
- Lamps
- Ceiling fans
These goods are meant for home decor and electrical upgrades.
Why the High Tariff?
The 145% tariff was part of former President Trump’s economic policy against China, aimed at reducing the U.S. trade deficit and encouraging domestic production. This new tariff applies to a wide range of Chinese products and is expected to increase the cost of imported goods for American buyers.
Impact on Businesses and Consumers
Even though the new tariff makes Chinese goods more expensive, American companies continue to rely on them due to low production costs and supply chain efficiency. However, this could lead to:
- Higher prices for consumers
- Increased business costs
- Possible delays in product availability
Companies may eventually pass these extra costs on to customers, especially for popular and necessary products.
What’s Next?
As more ships carrying Chinese goods arrive in the U.S., experts will be watching closely to see how businesses respond to the high tariffs. Will they reduce imports? Will they look for suppliers in other countries? Or will they accept the cost and continue business as usual?
The full impact of these tariffs will become clear in the coming months as both companies and customers adjust to the new rules.
Source: Jamuna Tv
