HONOLULU (HawaiiNewsNow) - President Donald Trump’s new global tariffs took effect today, and Hawaii business owners, who’ve been absorbing costs for months, say they have no choice but to raise prices.

The new tariffs range from 10 percent to 50 percent on goods from more than 60 countries and the European Union.

The Trump administration says this will reap billions of dollars in tax revenue, but economists say American consumers face even higher costs on everything from clothes to cars to cheese.

Importers in Hawaii are advising shoppers to buy sooner than later to avoid price hikes and product shortages.

“This is a massive tax increase and right now it’s being shouldered by companies and by the end of the year it be shouldered by the the individual consumer to the tune of anywhere f

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