Economy

New tariffs implemented by Trump affect over 80 countries

PBS · July 24, 2026Original source ↗

What happened

President Trump implemented a new set of tariffs on Friday that affect more than 80 countries. These tariffs cover nearly all U.S. imports and replace previous tariffs that were annulled by the Supreme Court earlier this year.

Why it matters

These tariffs could impact pricing and availability of goods for U.S. consumers and businesses.

Who feels this

If you rent your home

Higher tariffs may lead to increased costs for goods that landlords purchase, which could be passed on to renters in the form of higher rent or additional fees.

If you are a small business owner

Small business owners may face higher costs for imported goods due to the new tariffs, which could affect their pricing strategies and profit margins.

If you are an hourly worker

Hourly workers might experience changes in job stability if businesses cut back on hiring or reduce hours due to increased operational costs from the tariffs.

What does this mean for YOU, specifically?

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