Many new tariffs have already taken effect, impacting American consumers and businesses. These include taxes on auto parts, steel, aluminum, and imports from China. While some of the increased costs are absorbed by exporters, much of the burden falls on Americans. NPR received receipts from listeners and readers illustrating the financial strain. For instance, Sandy Alonso paid nearly double for her wheelchair due to a 145% tariff. Small businesses like HiveTech Solutions have also seen significant price hikes, with refrigerated containers increasing from $17,800 to over $30,000. Business owners like Marc Bowker from Alter Ego Comics face reduced profits and uncertain supply chains, complicating holiday season preparations.
— new from NPR
