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Cars to Gadgets: What US Consumers Are Losing to Trump Tariffs

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(Bloomberg) -- While US President Donald Trump has announced a 90-day pause on his proposed tariff hikes, exporters are still dealing with the uncertainty of a 10% universal levy returning if trade deals aren’t struck as his administration envisages.

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Meantime, the list of companies from Europe to Asia halting shipments of everything from cars to toys is growing, meaning consumers in the US might find there aren’t even the goods to pay for as products pile up in ports.

Here’s a look at what could go missing from American shelves as businesses weigh the cost of additional tariffs and mull reducing their US exposure.

Jewelry from India

The 90-day pause has given some respite to Indian exporters of gems and jewelry to the US, but they’re still expected to see a short-term slowdown in the next one-and-a-half months after traders front-loaded shipments to the US to try to beat the levies.

A 10% universal tariff, down from the 26% that was originally announced for India, would still impact gems such as loose diamonds, which operate on a slim 3%-5% margins, the Financial Express reported, citing Kirit Bhansali, chairman of the Gold and Jewellery Export Promotion Council.

Clothing made in Bangladesh

Textile producers in Bangladesh are reporting that their US buyers have halted orders due to the tariffs, which for the South Asian nation were set at 37%. Textiles and garments make up 80% of the country’s exports.

Mohammad Mushfiqur Rahman, managing director of Essensor Footwear and Leather Products, told AFP that an order of bags, belts and wallets worth $300,000 was halted on Apr. 6 by one of his buyers.

Toys, Xmas Decorations

Five Below Inc., which sells toys, clothes and household goods, has suspended cargo shipments from China, according to a letter that shipping giant A.P. Moller-Maersk A/S sent on behalf of the US retailer to suppliers.

No containers are to be delivered to the yard starting April 10, with those that have been loaded to be unpacked and returned to the carrier, according to the letter, which didn’t specify what kind of products were involved.

Christmas decorations and trinkets for this year’s festive season may also be impacted, after Reuters reported that Chinese producers of those goods said they haven’t been receiving orders from their American customers. Orders are usually finalized by mid-April.