Overview

• President Trump’s duties range from 15 percent on imports such as produce, meat and coffee to a 100 percent tariff on computer chips, with immediate exemptions for firms that commit to U.S. production.
• U.S. Customs and Border Protection reported more than $81.5 billion in tariff revenue through June and recorded a July spike of $30 billion, and Commerce officials predict monthly collections could climb toward $50 billion as chip duties take effect.
• Major technology firms including Apple, TSMC, Nvidia and Samsung have announced roughly $1.5 trillion in investments to build or expand semiconductor and electronics manufacturing capacity in the United States.
• Economists warn that importers cannot indefinitely absorb these levies and will pass costs on, squeezing corporate profit margins and imposing an average burden of about $2,400 on American households this year.
• Grocery retailers and automakers have delayed immediate price hikes by running down pre-tariff inventories, but stores are now reporting higher food prices and auto executives project multi-billion-dollar losses if current tariffs persist.