
Group 1 - The U.S. tariff policy has led to significant price increases in consumer goods, with a 53% rise in the price of shoes, from $150 to $230, due to the tariffs imposed [1][2] - The apparel industry is heavily reliant on imports, with 98% of clothing items imported, and the tariff policy is projected to increase clothing prices by 65% and shoe prices by up to 87% over the next year [2][3] - Basic clothing items, such as T-shirts and underwear, are expected to face the most severe impact from tariffs, as they are frequently imported and have low profit margins, which will lead to higher prices for low-income households [2][3] Group 2 - A letter signed by 76 shoe brands, including Nike and Adidas, has been sent to the White House requesting exemptions from the tariffs, citing that many companies producing affordable footwear cannot bear the high tariffs and may face closure [3] - The pharmaceutical sector is also affected, with an estimated increase of $51 billion in import costs due to tariffs, leading to a projected 12.9% rise in drug prices for consumers [3] - The tariffs are expected to reduce the competitiveness of the U.S. pharmaceutical industry, increasing production costs by 4.1% and potentially leading to job losses in the sector [3] Group 3 - Economic experts indicate that the damage from the tariff policy may already be done, with significant impacts expected to manifest by the end of May, particularly affecting low-income Americans who will spend a larger portion of their income on goods [4]