Manufacturers and service-sector companies alike are pondering increased costs due to President Trump's tariffs and how it will impact their ability to make money.

That was the result of President Donald Trump’s “reciprocal” tariff hikes on China since April 2, which rose as high as 145%, on top of a 25% tariff on certain goods from his first term. Had the shipment arrived a day later,

Walmart responds after Trump says retail chain should absorb his tariff cost - The largest retailer in the U.S. said it would keep prices low for as long as possible

Thanks to Trump's tariffs, prices for guitars and other instruments are about to go up. That's bad news for beginners and experienced musicians.

In fact, according to the FDA, more than 200 countries and territories supply approximately 32% of the fresh vegetables and 55% of the fresh fruit that we consume in the U.S. "So if these categories are subject to tariffs, consumers can expect prices to go up – and relatively quickly as these things are perishable," McGrath says.

The Trump administration's trade policies, particularly the imposition of tariffs, are raising concerns about increased costs for businesses and consumers.

The Port of Los Angeles is adapting to changes and challenges because of President Trump's tariffs. "These tariff policies are more widespread and sweeping than any we've ever seen in our lifetime," said Gene Seroka,

St. Louis Fed president Alberto Musalem said that even after President Trump's 90-day trade truce with China, tariffs at their current levels could have a 'significant' impact on the economy in the short term.