Trump's tariffs could raise prices on almost everything we buy. Here's where the biggest hikes could hit.

• President Donald Trump announced new tariffs Thursday on Chinese imports that could trigger price increases on goods including shoes, toys, phones, and car seats.
• Here's a list of China-sourced products where shoppers could see the biggest price increases, according to The Retail Industry Leaders Association (RILA), a retail trade group.
• Visit Business Insider's homepage for more stories.

Shoppers may soon see higher prices on goods like shoes, toys, phones, and car seats as a result of President Trump's new tariffs on Chinese imports.

Trump said Thursday that he plans to impose 10% tariffs on $300 billion in Chinese imports - including footwear, apparel, electronics, and other consumer goods - on September 1.

Many retailers, including Walmart, have warned that higher tariffs on these items would force them to raise prices for consumers.

Read more: Trump's new tariffs could unleash an avalanche of store closings on the US

"This new 10% tariff is a direct hit on consumer products and family budgets... American families shouldn't be a pawn in this trade war," said Hun Quach, vice president of international trade for the Retail Industry Leaders Association, a trade group that counts Walmart, Target and Home Depot among its members.

Shoppers can expect the biggest price increases on items that have a high share of sourcing from China, according to the Retail Industry Leaders Association (RILA), a retail trade group.

Here's the list of products where shoppers are most likely to see price increases, based on their high share of sourcing from China, according to RILA.