Preparing for the Tariff Wave: Michelle Schulz on How Trump's August 1 Deadlines Could Hit Your Wallet
- Schulz Trade Law
- 3 days ago
- 3 min read
Preparing for the Tariff Wave:
Michelle Schulz on How Trump's August 1 Deadlines Could Hit Your Wallet
July 22, 2025
In a recent appearance on KRIV-TV in Houston on July 22, 2025, Michelle Schulz, founder of Schulz Trade Law, shared critical insights into the impending impacts of President Trump's proposed tariffs. As trade tensions escalate beyond China to include countries like Brazil, Europe, Canada, and Mexico, consumers and businesses alike are bracing for higher prices on everyday essentials.
Drawing from her expertise in international trade law, Schulz highlighted key products at risk, timelines for cost increases, and practical steps to mitigate the effects.
Everyday Items Poised for Price Hikes
Tariffs aren't just about distant factories—they touch the products we use daily, from morning coffee to household basics. Schulz emphasized that while much attention has focused on China, many imports come from other global sources now facing steep duties.
"We've got coffee from Brazil. A lot of everyday items that you'll notice, whether it's food or pharmaceuticals, there are everyday items like machinery, computer parts, even aircraft parts. You've got to take an airline flight. There's a lot of stuff on there that is not from China. So many different everyday things, vinegar, you name it. It may come from somewhere else."
Specific examples include:
Coffee and fruits from Brazil, potentially facing 50% tariffs.
Tomatoes and wood from Mexico and Canada, subject to 30% tariffs.
Metals like copper, aluminum, and steel, also at 50%, affecting everything from home appliances to medical needles.
Schulz noted the broad ripple effects: "Think of all the things in your house that include steel, aluminum, any kind of copper. I've had clients tell me that needles for pharmaceutical products are going to become more expensive. It is amazing when you think about all the different industries this will impact, from medical to food."
Timeline: When Will Consumers Feel the Pinch?
With the August 1, 2025, deadline looming, Schulz warned that not all negotiations will conclude in time, leading to rapid implementation of tariffs as high as 50% on Brazil and 30% on Europe, Canada, and Mexico.
"I think you'll start seeing it in the next two or three months, maybe four, but probably sooner. We're already seeing companies in Texas and across the US that are either taking on that price hit temporarily or they're already passing it on to the clients."
She added that the full effects build gradually: "Consumers just need to be ready, because they really haven't experienced the hit yet. It's not an immediate hit. It's something that happens over time, and we are getting to that time."
This phased rollout means businesses may absorb initial costs, but as stockpiles dwindle, price increases will trickle down to retail shelves by September or October 2025.
Smart Strategies to Prepare Your Budget Now
As tariffs approach, Schulz advised proactive measures to soften the blow on personal finances and supply chains.
"If you're trying to manage your budget, I would go ahead and prepare for prices to increase, maybe stock up on those things that you think you're going to need more of. We have noticed that Canada and Mexico are going to be subject to 30% tariffs. We import a lot of wood from Canada. You know, any kind of product that may go up, companies are stocking up now, because the prices will increase before long, and it will be a significant increase."
Key tips for consumers:
Stock up on non-perishables like coffee, canned goods, or metal-based household items.
Monitor budgets for gradual rises in groceries, pharmaceuticals, and travel costs.
Stay informed on trade developments to anticipate further changes.
Schulz's overarching message: Awareness and preparation are key in navigating these economic shifts.
At Schulz Trade Law, we're dedicated to helping businesses and individuals understand and adapt to evolving trade policies. If you're concerned about how these tariffs might affect your operations or personal finances, contact us today for a consultation.
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