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U.S. President Donald Trump holds a chart next to U.S. Secretary of Commerce Howard Lutnick as Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025. REUTERS/Carlos Barria
U.S. President Donald Trump holds a chart next to U.S. Secretary of Commerce Howard Lutnick as Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025. REUTERS/Carlos Barria
REUTERS/via SNO Sites/Carlos Barria

Tariffs on imports affect tech stocks and consumer prices

Stock market declines as tariffs create economic concerns

On April 2, 2025, President Donald Trump announced new tariffs on imports to the United States. These tariffs include a 10% tax on all imported goods and higher rates for specific countries. For example, imports from Japan face a 24% tariff, the European Union 20% and Vietnam 46%. ​

The fashion industry is feeling the impact of these tariffs. Andrew Chen, who runs the New York-based clothing brand 3sixteen, shared on TikTok how his company is affected. He explained that the tariffs lead to higher costs for materials like Japanese denim and Canadian fleece, which may increase retail prices by $50 per item.

Chen also mentioned that the changing tariffs create uncertainty in business planning and could make it harder to sell products overseas. 

The clean energy sector is also concerned about the tariffs. Experts, individuals and groups specializing in trade, economics and the energy industry, warn that the increased costs for items like solar panels and batteries, which are mostly imported, could slow down the progress of clean energy projects. This might make it harder for the U.S. to reach its energy goals.

In the stock market, the announcement of the tariffs led to a drop in major indexes. The Dow Jones, S&P 500 and Nasdaq all saw declines. Companies like Apple and Tesla were notably affected, with Apple’s stock hitting an 11-month low. Investors are worried that the tariffs could lead to higher consumer prices and possibly a recession. ​

“I understand the need to protect local industries, but I hope it doesn’t hurt our relationships with other countries.” senior Phoebe Nguyen said.

The new tariffs are expected to have wide-reaching effects on various industries and consumers. As the situation develops, many are watching closely to see how these changes will impact the economy and daily life.​

Big tech companies like Apple and Tesla were some of the first to feel the impact. Since they get many of their parts from other countries, the tariffs could raise production costs, meaning phones, laptops and cars could rise in prices. 

“I just saved up for a new phone,” junior Venus Cervantes said. “If it becomes more expensive, I might have to wait another year. It’s frustrating because it feels like we’re being punished for something we didn’t do.”

President Trump said the goal of these tariffs is to help American businesses. The idea is that if foreign goods become more expensive, people will buy more products made in the U.S. That way, local companies can grow and create more jobs.

But not everyone agrees. Some students worry that the U.S. could hurt relationships with other countries. If other nations respond by adding their own tariffs to American goods, it could start a trade war where both sides keep raising taxes on each other’s products.

“It’s like a fight where everyone loses,” junior Wyatt Lee said. “In the end, prices just go up and nobody wins.”

However, since then, Trump has gone back on his decision — marking a 90-day pause on tariffs beginning Monday, May 12. This pause only applies to China and will revert the 145% tariff back to the base 30%.

Though the turmoil surrounding tariffs is considerably recent, many people are already feeling uncertain. Small business owners are nervous and students are beginning to ask more questions about how politics affects them. Teachers have even started using the topic in class discussions.

“My teacher talked about it in class,” junior Allanna Barrios said. “It’s actually interesting because now I see how decisions in the White House can affect what’s in my backpack.”

As the weeks go on, we’ll see how these tariffs change prices, jobs and even student life. For now, one thing is clear — these decisions are no longer just something adults talk about. Teens across the country are paying attention too.

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About the contributors
Alyson Cerna
Alyson Cerna, News and Features Editor
Alyson Cerna is The Mirror’s News and Features Editor. As a sophomore in her second year in journalism, there is nothing she enjoys more than laying down with a single airpod in and blasting music as she writes. She’d be lying if she ever pinpointed a single music genre to be her favorite, but nothing is the same as enjoying the album “THE FIRST TIME” by The Kid Laroi. Her obsession with the “Nightmare Before Christmas” might be what many consider eccentric, but she likes it that way—as no amount of stuffed animals, figurines and clothes could ever cure this. After high school, she plans to pursue a degree in sports journalism at UCLA.
Argem Alipio
Argem Alipio, Staff Writer
Argem Alipio is a junior taking journalism for the first time. In his free time, Alipio enjoys listening to music, playing video games, hanging out with friends and drawing (unless it’s worth a grade). His favorite artists include Daniel Caesar and Wave to Earth, with his favorite genre of music being R&B. When he’s not listening to music, playing video games or hanging with friends, you can find him spending hours browsing clothes online and looking at outfit inspirations on pinterest just to wear the same outfits every week.
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