Consumer Electronics
Computer and consumer electronics is the leading US retail ecommerce category with 2018 sales of $115.08 billion. The repercussions of tariffs for Apple are lower than some consumer electronics manufacturers, but for anyone who sells TVs, in particular, there could be trouble on the horizon.
Televisions, video projectors, clocks and watches are among the products subject to tariffs while raw materials such as computer chips that power PCs and smartphones, parts of printers and copy machines and TV parts were also included in the proposal. Brands like TCL, LG and Vizio would be most affected, which would ripple outward to retailers, especially Best Buy, one of the last remaining big box consumer electronics specialists.
A May 2018 joint study by the National Retail Federation (NRF) and the Consumer Technology Association (CTA) came to the conclusion that TVs imported from China could see price increases of 23% and all other imported TVs' prices would increase by 4% if proposed tariffs were enacted.
Furniture and Home Furnishings
This ecommerce category—worth $50.08 billion in sales this year—could be the one of the first affected since it bears the brunt of a wide range of products that would be subject to tariffs: upholstery, porcelain, mirrors, air conditioners, refrigerators, vacuum cleaners, furniture, bedding, lamps and cutlery.
Pureplay online retailers like Wayfair and Overstock, which rely greatly on furniture sales and source many products from China, won't escape unscathed. It's estimated that 30% to 70% of US home furnishings retailers source their materials from China.
Apparel and Accessories
Apparel, the second-largest category in ecommerce sales, will see tariffs on products from rain jackets to fur clothing to wool hats. But tariffs on leather handbags and leather trunks and suitcases would be most detrimental.
Price increases would affect brands like Samsonite International, the world's biggest luggage seller. Despite being based in the US, two-thirds of its products are made in China, which the company already pays a 25%+ tariff on. The company has been beefing up its ecommerce efforts with the purchase of eBags last year.
Ultimately, the approaching holiday season isn't likely to experience blunted sales due to tariffs, but longer-term they could have large financial impact. In August 2018, NRF published an analysis of how tariffs would affect furniture and travel goods by looking at the estimated change in cost of Chinese production and a consequent increase in US production. Using a hypothetical 25% tariff, furniture would cost an extra $2.1 billion for consumers at a net loss of $1 billion to the US economy. For travel goods, prices would increase 9.9% and pass along an additional $1.2 billion to consumers.