New tariffs set to start August 1 could increase U.S. household costs by up to $2,800 annually.

New tariffs set to take effect on August 1 could cost U.S. households up to $2,800 more annually, with potential grocery price hikes of up to 4% over the next two years. Researchers suggest that middle-class families may face up to $5,000 in additional yearly costs, totaling $20,000 over four years, due to increased import costs and inflation. Experts recommend smart shopping and financial planning to mitigate these impacts.