The new tariffs rolled out by the Trump administration are hitting where it hurts: in your everyday spending. If you have bought a car, sipped a coffee, or snagged a hoodie lately, brace yourself. Those costs are going up...fast.
These new tariffs are going to make things you use every day a lot more expensive.
To begin with, car prices are the first to take a serious hit. Thanks to the new tariffs on imported vehicles and auto parts, buying a new car will cost a lot more. In the short term, prices are expected to spike by around $6,000. Over time, that drop settles a bit, but you are still looking at a $4,500 hike.
Mike / Pexels / A 12.4% jump in car prices means fewer people buying and fewer cars on the road.
Industry experts predict that more than a million vehicle imports could vanish from the market.
Automakers are already sweating. Toyota says its profits could drop 37% because of these new tariffs. GM and other U.S. brands aren’t doing much better. They are staring down up to $5 billion in added costs this year. These companies will either cut jobs, raise prices, or both.
Plus, the 50% tariff on imported steel and 25% on aluminum is jacking up production costs. Fewer parts, fewer vehicles, more delays, and again, more expense for you.
Your Morning Coffee Just Got a Lot More Expensive
That cup of coffee you grab each morning is about to cost more. The U.S. slapped a 50% tariff on coffee imports from Brazil, which happens to supply almost a third of the coffee Americans drink.
Coffee prices were already on the rise. Since 2024, they have gone up 13%, but now, economists say we could be looking at a 50% jump in what you pay at the register.
These new tariffs don’t just hurt prices. They throw off the whole coffee supply chain. Small cafes and grocery stores won’t absorb these hikes. They will pass them on to you. So don’t be surprised when your $3 coffee becomes $4.50, or when your grocery bill feels heavier for the same bag of beans.
Clothing Prices Are Climbing
Get ready to pay more for your wardrobe. The new tariffs are hitting clothing and apparel just as hard. Prices for clothes could spike by 37% in the short term, then settle at 18% above normal levels.
Claudio / Unsplash / Tariffs on these essential items, like shoes, jackets, and leather goods, could cause prices to surge up to 39%.
Part of the problem is where we get our clothes. The U.S. imports a lot of apparel from countries like Vietnam and Bangladesh. Tariffs of 20% on those goods are going to crush retailers who rely on cheap, high-volume imports.
Remember, these new tariffs are sending shockwaves through the entire economy. Economists estimate that the average American household could spend $2,400 more each year just keeping up with the rising costs.
Inflation is already ticking upward. In June 2025, it hit 2.7%, with prices for groceries, furniture, and appliances also climbing. It is getting more expensive to just live.
Jobs are also on the line. As companies deal with tighter margins and fewer customers, layoffs are expected. Manufacturing and retail jobs are especially at risk. Some experts say up to 500,000 workers could be out of a job by the end of the year.
