Shoppers will face higher costs for products like coffee, bananas, vanilla, and toilet paper as the Trump administration’s new tariffs on imports take effect, according to CNBC. The U.S. plans to increase tariffs on goods from over 180 countries, aiming to bring jobs back to America. The Consumer Brands Association warns that this could raise costs for essential ingredients and materials unavailable domestically. Items like coffee, cocoa, and tropical fruits are particularly vulnerable, as the U.S. climate limits their production. The CBA is advocating for exemptions on specific goods to keep prices affordable. For more coverage on tariffs and how they impact your portfolio, visit benzinga.com.
