Tariffs affect almost all of the 500-plus products that Munchkin sells, the vast majority of which are made in China.

The United States is highly reliant on steel imports, bringing in more of the material from abroad than any other country in the world, according to the International Trade Administration. More than 26 million metric tons of steel were imported last year, most of which came from Brazil, Canada, Mexico, South Korea, and China.

Home builders, car manufacturers and can makers are among those that will see higher prices for materials. Those companies could charge customers more.