Dear MEL Topic Readers,
Say goodbye to the $5 T-shirt
Always, lower-income households are the ones that are affected the most when the prices for basic necessities like food, housing, and energy increase. For the last several years, US households have had to endure rising prices on these necessities due to chronic inflation. People also need clothes and shoes, which are mostly imported from China and other Asian countries. Now, because of the Trump administration’s 10% across-the-board and reciprocal tariffs, prices for mostly imported basic apparel and footwear like T-shirts, pants, and sneakers are going to increase substantially. In addition, those who have been enjoying duty-exempted direct imports of fashion and commodity items from Chinese e-commerce giants like Shein and Temu will soon have to pay import duties, though they aren’t as high as the recent reciprocal tariffs. Inflation and tariffs certainly hit the lower to middle socioeconomic tiers the hardest, who have little room to save or fewer options to choose from when prices for basic necessities increase. No wonder the administration is pressuring the Federal Reserve to lower the interest rate while it is raising tariffs sharply across the board.
Read the article and learn what is about to happen to US households soon.
https://edition.cnn.com/2025/04/22/business/clothing-t-shirts-tariffs/index.html
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