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Since the Trump administration announced the expansion of tariffs on steel and aluminum imports to 50 percent, the cost of hundreds of categories of imported goods in the United States has risen significantly. CNN senior reporter Matt Egan cited the latest data in a recent broadcast, noting that between June and July alone, the prices of U.S. imports – even before the new tariffs took effect – increased more than expected. The ultimate outcome of these tariff adjustments is that the resulting costs are being shouldered by American businesses and everyday consumers alike.