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flag New tariffs take effect, potentially raising costs for U.S. importers by $712 billion in 2025.

flag New tariffs imposed by President Trump could increase costs for US importers by $712 billion in 2025, up from $24 billion in 2024. flag California importers face an additional $170 billion in tariffs, while Texas could see an $82 billion increase. flag These tariffs, taking effect on April 8th, 2025, target countries with large trade deficits with the US and could raise prices on goods like clothing, produce, and technology within months.

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