Trump’s reckless tariff policies are snapping back to “Liberation Day” levels after August 1st, and that means more economic pain for American families, workers, and businesses. The price hikes are already starting, and it’s only going to get worse.
“Trump created so much chaos in just half a year that working families are already cutting back on spending due to higher prices and tighter budgets. Now, Trump is proudly going to slap massive tariffs on dozens of countries from around the world that import food, appliances, furniture, and more everyday items American families need,” said American Bridge 21st Century spokesperson Brandon Weathersby. “People will feel the squeeze at the grocery store, at the hardware store, and everywhere in between, all because Donald Trump and his billionaire friends are too out of touch with the needs of the workers on Main Street and the households around the corner.”
What They’re Saying: Prices Are High, and Rising Higher
Reuters: US inflation picks up in June as tariffs boost some goods prices
“Prices for furnishings and durable household equipment jumped 1.3%, the biggest gain since March 2022, after increasing 0.6% in May. Recreational goods and vehicles prices shot up 0.9%, the most since February 2024, after being unchanged in May. Prices for clothing and footwear rose 0.4%.”
U.S. Chamber of Commerce: Tariffs Rise for American Businesses. Higher Prices Loom for Consumers
“Manufacturers, wholesalers, and retailers increasingly report paying higher prices for the goods and services they buy; and They are slowly beginning to raise the prices they charge their customers. […] Over time, however, the price increases are passed on to retailers, and ultimately to consumers. This is especially true when companies/business owners believe that higher tariff rates are more likely to remain in place over an extended period.”
CNBC: With Trump tariff deadline one day away, U.S. economy’s wholesalers, distributors fear the worst and plan for price increases
“‘Wholesale distributors will not be able to manage tariffs without price increases,’ [Simon] Ellis said. ‘Many have been able to delay those increases by cycling through older, less costly inventory, but that cannot last and increases are inevitable,’ he added.”
Washington Post: Shoppers are stressed, but some brands are raising prices anyway
“P&G’s move could be a harbinger of increasing prices, including on groceries, household staples, apparel and electronics. While spending data shows Americans are looking for bargains, economists warn that such price increases will further strain consumers battling stubborn inflation, high interest rates, and rising personal debt and energy costs. Meanwhile, consumers’ outlook on the economy is the worst it has been in years.”
Tax Foundation: Trump Tariffs Will Affect Nearly 75 Percent of US Food Imports
“President Trump has often defended tariffs on the grounds that they will boost domestic production and create jobs. However, in the case of food imports, it is often difficult or impossible to onshore production due to land scarcity and a lack of suitable climates for certain goods. Consumers also often prefer the foreign alternative to American-grown products. This means tariffs on food imports will likely lead to higher food prices, making consumers worse off.”
National Public Radio: U.S. coffee drinkers and businesses will pay the price for Trump’s Brazil tariffs
“At the end of the day, the consumer is the one that’s going to bear the brunt of it,” [coffee company owner Jeff Yerxa] says. “I don’t want to raise prices, but we’re seeing increased costs of 30% on coffee, potentially.”
Published: Jul 31, 2025 | Last Modified: Aug 6, 2025