Trump’s ‘forever’ tariffs are kicking in for the long haul – and US consumers are footing the bill

President Donald Trump's latest announcement of tariffs is intended to hold up better to legal scrutiny, including from the Supreme Court. AP Photo/Damian Dovarganes) President Donald Trump’s tariff announcements no longer cause the market gyrations that they did in 2025. But their sticker shock for American consumers is becoming increasingly clear – just as economic sentiment is souring ahead of the November 2026 midterm elections. Many business groups had hoped that the tariff wars would end…