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August 11, 2025

What consumers can expect from new tariffs on imported goods

  • Recent government data indicate that retail prices for groceries, furniture and appliances started creeping up in June.
    • By ANNE D'INNOCENZIO and DEE-ANN DURBIN
    AP Business Writers

    American businesses and consumers soon will have a better idea of how President Donald Trump's foreign trade agenda might affect them now that the United States has imposed higher tariffs on products from dozens of countries.

    It's been nearly 100 years since the nation had an overall import tax rate as high as the one set Thursday. But the individual impact on business costs and consumer prices could vary as much as the tariffs applied to goods of nearly 70 U.S. trading partners, from complicated economies like the European Union to the small African nation of Lesotho.


     
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