It is not just digital cameras, film, paper and chemicals. The bigger picture is something to worry about.
Outdoor equipment is majority manufactured in China, Vietnam (among, Patagonia, The North Face, Keen, etc.), plus some specialist equipment in many parts of Europe (e.g. Bosnia-Herzegovina, is an emergent and excellent manufacturing hub for apparel). All the stuff (make your list!) you take for granted as essential for your endeavours in photography — yeah, film, but also tripods, raincoats, packs, boots, sunglasses, tents, sleeping bags...the list is a very long one, will be affected by price rises that many people just will not be able to afford, unless there is a significant jump in wages or active, continuous discounting. Stuff about photography and materials is a very, very small part of the overall bigger picture. But, so be it. The US is setting itself up for a recession and job losses on a scale never imagined before. Might also be the death knell of NATO and looking ahead in Australia we are now not regarding the US as a friend, and will likely review the AUKUS submarine agreement.