New tariffs imposed under former President Donald Trump's administration have come into effect, with rates reaching up to 50% on various imported goods. These tariffs have driven import taxes to their highest levels in a century. Financial analysts, including J.P. Morgan's Meera Pandit, estimate that approximately 60% of the additional costs from these tariffs will be passed on to American consumers, impacting everyday shoppers across the country. The tariffs affect multiple sectors and countries, with ongoing discussions about their broader economic implications and which industries might face subsequent measures.