Trump Tariffs: Tracking Rising Prices on Cars, Groceries

President Trump's administration has implemented tariffs on various imported goods, leading to concerns about rising prices for consumers. CBS News is closely monitoring the impact of these tariffs on essential items like cars, trucks, and groceries.

The tariffs, which are taxes on imported goods, are intended to protect American industries and encourage domestic production. However, they also increase the cost of importing goods, which can be passed on to consumers in the form of higher prices.

For example, tariffs on imported auto parts could increase the cost of manufacturing cars and trucks in the United States. This, in turn, could lead to higher prices for new vehicles. Similarly, tariffs on imported food products could raise the price of groceries.

CBS News will continue to track the prices of these and other goods affected by the tariffs, providing updates on how they impact consumers' wallets. We will also analyze the broader economic effects of the tariffs and their potential consequences for American businesses and workers.