#TariffsPause 📉 Consequences for the economy and consumers

• Price increases and product shortages: Tariffs lead to increased prices on a wide range of goods, including children's products, wedding supplies, and seasonal items. A shortage on store shelves is expected as early as May-June 2025.

• Decrease in imports and logistical problems: Imports from China have decreased by 36%, and the cancellation rate for freight shipments has reached 50%, comparable to levels during the COVID-19 pandemic.

• Impact on small businesses and agriculture: Small and medium-sized enterprises, as well as farmers, are facing difficulties due to decreased exports and rising costs. For example, exports of soybeans and pork to China have sharply declined.

• Increase in unemployment: According to estimates from the Yale Budget Lab, Trump's tariff policy could lead to a rise in unemployment by 0.6 percentage points and the loss of about 770,000 jobs by the end of 2025.