Come January, it might be a little harder to make your morning brew at home. One of President-elect Donald Trump’s driving campaign issues was taking a more combative approach to trade and raising tariffs on imports from China. The consequences of that policy could drip down to your prices on household goods like espresso machines from Breville .
Now that Trump has been elected , companies with manufacturing plants in China are feeling pressure to alter course. Breville is one of them, an appliance company that sells high-end espresso machines , toaster ovens , and juicers around the world. Most of Breville’s products are made in Shenzhen, a commercial metropolis in Southeast China.
“Now that [Donald] Trump has won the U.S. Presidential election, the near-term risk of material tariff increases on consumer goods coming out of China has solidified,” Breville’s Chief Executive Jim Clayton said in a shareholder meeting on Thursday.
RELATED: The best home espresso machines we tested at every price point The company’s long-term relationship with Chinese manufacturers has helped keep costs more competitive, according to a report in the Wall Street Journal . However, the new threat of Trump’s tariffs could create supply chain struggles that up prices. Breville’s catalog currently ranges from $178 to $2,340.
The kitchen brand has already expressed plans to move more production out of China to protect itself against Trump’s tariff plan — which could mean a 10% or 20.
