Thinking about upgrading your phone, TV, or laptop? You might want to act fast. President Trump just slapped a 10% tariff on a wide range of Chinese goods, and experts say it’s likely to hit your wallet.

Here’s the deal: tariffs are taxes on imports, and while they’re aimed at China, it’s actually American importers who foot the bill. Those costs often trickle down to retailers—and eventually, to you.

Surprisingly, consumer electronics had been mostly spared from tariffs until now. But with this new across-the-board hike, everything from smartphones to computers is fair game. And that’s a big deal, considering electronics are among the top imports from China. Last year, the U.S. brought in $47 billion worth of communications equipment alone—think phones, TVs, and even satellites.

It’s not just tech that’s affected. Shoes and sneakers could also see price jumps. Nearly all footwear sold in the U.S. is imported, mostly from China and Vietnam. Industry leaders say this move will only drive up costs for everyday shoppers.

So when will you feel the pinch? Not immediately. Many retailers have stockpiled goods ahead of the tariff, so prices might stay steady for a while. But as supplies run low and new shipments arrive with the added tax, you’ll likely notice the difference at the checkout.

While some bigger companies might absorb the extra costs, smaller retailers could pass them straight to consumers. Bottom line? If you’ve been eyeing a new gadget or pair of sneakers, now might be the time to buy before prices climb.