Trump’s ‘forever’ tariffs are kicking in for the long haul – and US consumers are footing the bill

The effects of the Trump administration’s 2025 tariffs are still being passed on to consumers, while new levies will add to the overall tariff rate.

By: Kent Jones, Babson College, The Conversation

Outlets: The Conversation

Published: August 13, 2026

Words: 1,259

Last Updated: 5 days, 6 hours ago

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By Kent Jones, Babson College

President Donald Trump’s tariff announcements no longer cause the market gyrations that they did in 2025. But their sticker shock for American consumers is becoming increasingly clear – just as economic sentiment is souring ahead of the November 2026 midterm elections.

Many business groups had hoped that the tariff wars would end in February, when the Supreme Court overturned Trump’s emergency tariffs. They got a rude awakening …

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