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Trump has proposed a universal 10% to 20% tariff on imports from all foreign countries and an additional 60% to 100% tariff on imports specifically from China.

Retailers that depend on foreign suppliers are preparing to hike prices and pass along the cost of Trump's proposed import tariffs to consumers.

Treasury Secretary Janet Yellen has warned that the tariffs will reignite inflation because the tariffs will mostly be paid by U.S. consumers, according to According to

"We'll generally raise prices ahead of, we know what the tariffs will be, we generally raise prices ahead of that," Daniele said.

In October, Stanley Black & Decker CEO Donald Allan Jr. "Obviously, coming out of the gate, there would be price increases associated with tariffs that we put into the market," he said.

Allan added that moving manufacturing back to the U.S. would not be cost-effective.

According to the The According to the analysis, a $50 pair of sneakers could cost between $59 and $64. A $15 pair of baby pajamas could cost between $17 and $18. An $80 pair of jeans could become $10 to $16 more expensive. A $100 coat could cost $12 to $21 more. A $50 tricycle could cost $18 to $28 more. A $200 crib could become $13 to $19 more expensive. A $650 refrigerator could cost $126 to $202 more.