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Methodology: Data is from the November 2024 National Retail Federation (NRF) report titled "Estimated Impacts of Proposed Tariffs on Imports: Apparel, Toys, Furniture, Household Appliances, Footwear, and Travel Goods" prepared by Trade Partnership Worldwide, LLC.

While the government’s trade-in program for household appliances and autos is helping sales in those categories, more widespread initiatives are needed to restore confidence and encourage households to spend their copious savings. President-elect Trump’s proposed tariffs may be the motivation Beijing needs to implement more aggressive stimulus measures.

The analysis: President-elect Donald Trump’s universal tariff proposals would cause the prices of products ranging from toys to furniture to household appliances to skyrocket, per a National Retail Federation report. Trump said he will impose a 10% or 20% tariff on all imports across the board, along with an additional tariff of between 60% and 100% for products imported from China.

More adults in Indonesia will spend less on big-ticket items such as household appliances during the 2024 Ramadan than in previous years, according to a January 2024 survey from YouGov. Low interest in consumer electronics could partly be attributed to an abundance of pandemic-era purchases in the category.

Chinese consumers need spending incentives: Government subsidies are boosting sales for EVs and appliances, but lack of support for other categories weighs on demand.

Walmart tests a new locking system to combat retail theft: The retailer needs to ensure its solution isn’t worse than the problem itself.

With the NRF estimating that the tariffs would raise costs across six retail categories, including apparel, furniture, and household appliances by 362 to $624 per household every year. Ms. Lee does note that one offset could be Mr. Trump's proposed corporate tax cuts which could benefit all U.S. companies bottom lines, whether they use that to balance things out and key prices low is another story.

Most devices will have slowing growth through 2027—except appliances and lighting. Both categories will experience accelerated growth in 2025, reflecting the number of new smart home households. Appliances will also benefit from new integration with the Matter interoperability protocol. Smart homes may start to have new commerce opportunities.

By 2026, nearly half of US households will use smart devices—from lights to locks to appliances. Here’s how advertisers can capitalize on connectivity enabled by Matter, the newly launched interoperability protocol.