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New tariffs imposed by the Trump administration will significantly impact consumer spending. A 90-day suspension of some tariffs offers temporary relief, but economists predict substantial price increases across various goods. Electronics, vehicles, nuts, coffee, rice, wine, clothing, toys, and seafood are expected to see the most dramatic price hikes, potentially costing households an average of $4,400 annually. While some tariffs are delayed, others remain in effect, creating economic uncertainty.

Prepared by Christopher Adams and reviewed by editorial team.