Trump New Tariffs 2025 Set to Spike Consumer Prices

President Donald Trump’s next round of tariffs is scheduled to take effect this Thursday. The move is expected to raise prices on a wide range of consumer goods, including clothing, computers, and toys. These new levies will impact imports from over 60 countries, such as India, Brazil, and Japan.

According to the Yale Budget Lab, the full package of Trump new tariffs 2025 could cost the average U.S. household an extra $2,400 annually. While the White House insists that tariffs promote domestic manufacturing and help correct trade imbalances, many experts argue the real burden will fall on consumers.

“These tariff rates are pretty much set,” said U.S. Trade Representative Jamieson Greer in a CBS News interview. He added that significant changes are unlikely before the deadline.

Impact on Businesses and Consumers

The new tariffs vary by country. Some, like Laos and Brazil, will face rates as high as 40% to 50%. Brazil’s higher rate, Trump stated, is partially due to the nation’s treatment of former President Jair Bolsonaro.

Major companies like Adidas and Mattel have already warned that the increased import costs will likely be passed on to shoppers. For example, if a company pays $10 to import an item and a 10% tariff is added, that product now costs $11 before even hitting store shelves. Retailers often adjust their pricing to reflect such changes.

What’s Likely to Get More Expensive

Experts predict a noticeable rise in prices for household goods and electronics. Furniture and appliances have already seen price increases. The New York Times reports ongoing inflation in these categories, with more hikes expected.

Barry Appleton, co-director of the New York Law School Center for International Law, summed it up: “The real question is, what won’t go up in price?”