How Trump's tariffs are already impacting Americans

Donald Trump's tariffs are impacting Americans through increased average effective tariff rates, higher government tariff revenues, and a widening trade deficit. The tariffs have led to more imports by US firms stockpiling supplies to avoid additional taxes and a decrease in Chinese exports to the US. However, some countries are deepening trade ties in response, leading to shifting global trade patterns and potential inflation as consumer prices rise due to expensive imports.