President Donald Trump’s global tariffs, ranging from 10 to 50 percent, took effect on Thursday, igniting fear among consumers, companies and investors about potential price hikes.
Everyday items ranging from coffee to Toyotas, home furnishings to Gap jeans, are expected to become more expensive as companies adjust their prices to counteract the impact of tariffs. While the president has asked companies to absorb any increases in costs, many cannot forever.
