The tariffs will take effect 30 days from now.
Congressional Democrats warn in a study out Friday, the administration's import taxes will cost American households an average of $2,512 in 2026, up 44% from $1,745 in tariff costs last year.
The Trump Administration's tariffs and falling value of the dollar have sharply impacted some businesses' bottom line
In a defeat for the Trump administration, a federal judge in New York ruled Wednesday that companies that paid tariffs struck down last month by Supreme Court are due refunds.
Gov. Kathy Hochul wrote a letter to the U.S. Department of Treasury requesting a refund of $13.5 billion in tariff payments to New Yorkers, as they've increased costs for families.
President Trump used his State of the Union address to sell a booming America, even as voters worry about the economy.