{"id":27947,"date":"2025-05-20T01:09:12","date_gmt":"2025-05-20T01:09:12","guid":{"rendered":"https:\/\/usdailys.com\/?p=27947"},"modified":"2025-05-20T01:09:12","modified_gmt":"2025-05-20T01:09:12","slug":"people-are-sharing-their-receipts-as-trumps-tariffs-come-into-effect-and-the-results-are-horrifying","status":"publish","type":"post","link":"https:\/\/usdailys.com\/?p=27947","title":{"rendered":"People are sharing their receipts as Trump’s tariffs come into effect and the results are horrifying"},"content":{"rendered":"

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Donald Trump’s tariffs are having devastating effects on businesses in the US.<\/strong><\/p>\n

Earlier this year,\u00a0Trump<\/a>\u00a0announced a series of new\u00a0tariffs<\/a>\u00a0on countries across the globe, including\u00a0the Heard Island and McDonald Islands<\/a>\u00a0\u2014 one of the most remote places in the world, where only penguins and seals live.<\/p>\n

As a result of these controversial hikes, experts and\u00a0businesses<\/a>\u00a0have warned that Americans are likely going to have to fork out more cash than before for everyday items.<\/p>\n

In recent days,\u00a0Walmart<\/a>\u00a0warned its customers that\u00a0it may have to up its prices<\/a>.<\/p>\n

Walmart CEO Douglas McMillon said: “We will do our best to keep our prices as low as possible. But given the magnitude of the tariffs, even at the reduced levels announced this week, we aren\u2019t able to absorb all the pressure given the reality of narrow retail margins.”<\/p>\n

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\"Donald\"Donald<\/p>\n<\/div>\n<\/div>\n

Donald Trump announced a series of tariffs in April (Kent Nishimura\/Bloomberg via Getty Images)<\/cite><\/p>\n<\/div>\n

Another company that’s spoken out against Trump’s hiked levies is Wyze Cam. According to the Washington-based\u00a0tech<\/a>\u00a0firm, it was poised to pay ‘$255,000 in tariffs and $579.23 in ‘other fees’ to import $167,000 of Wyze Cams’.<\/p>\n

Tweeting this on May 1, the firm proceeded to share a receipt to back its claims.<\/p>\n

GlytchTech shared a photo of its DHL invoice as well, with the company being quoted over $2,800 in tariffs on less than $2,000 worth of equipment.<\/p>\n

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\"Walmart\"Walmart<\/div>\n<\/div>\n

Walmart has warned that it may have to increase its prices because of the tariffs (Justin Sullivan\/Getty Images)<\/cite><\/p>\n<\/div>\n

Adafruit Industries also jumped on the bandwagon and shared a DHL receipt it had received. In a blog post, the company warned that (like Walmart) it may have to up its prices.<\/p>\n

“We\u2019re no stranger to tariff bills, although they have definitely ramped up over the last two months. However, this is our first \u2018big bill\u2019, where a large portion was subjected to a 125%+20%+25% import markup,” Adafruit Industries\u00a0penned<\/a>.<\/p>\n

“Unlike other taxes like sales tax where we collect on behalf of the state and then submit it back at the end of the month, or income taxes, where we only pay if we are profitable, tariff taxes are paid before we sell any of the products and are due within a week of receipt which has a big impact on cash flow.”<\/p>\n

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Trump after we pay $255,000 in tariffs and $579.23 in “other fees” to import $167,000 of Wyze Cams. pic.twitter.com\/w328uyLgTu<\/a><\/p>\n

\u2014 Wyze (@WyzeCam) May 1, 2025<\/a><\/p><\/blockquote>\n