New tariffs ranging from 10% to 41% have been implemented, impacting nearly 70 countries. These tariffs, which cover a wide range of imported goods, are raising concerns about potential price increases for consumers and businesses. Economists are divided on the long-term effects, with some predicting inflationary pressure and others suggesting minimal impact. Businesses relying on international supply chains are particularly vulnerable and may need to adjust their pricing strategies. The affected countries are likely to explore retaliatory measures, potentially escalating into a trade war.