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August 10, 2025

Anna Murray 

President Donald Trump imposed sweeping additional taxes on imports from over 90 nations on August 7. The tariffs on Syria range from 41% to 10%, whereas India is subject to a 50% duty.

In the immediate term, experts predict a startling 37% increase in garment prices. Food costs are predicted to increase by 3.4% in the near future. Fresh produce initially will experience a particularly steep increase. Meanwhile, due to aluminum levies, Mexican beers such as Modelo and Corona are anticipated to become more costly.

According to President Trump, the additional tariffs will bring in billions of dollars and incentivize companies to manufacture in the United States in order to evade the levies. According to official US data, tariff receipts were $28 billion in June 2025. The monthly revenues in 2024 have tripled.