By Abha Bhattarai and Jaclyn Peiser

Americans are paying more for appliances, home furnishings, toys and shoes than they were a few months ago, and they could soon face higher prices on more goods as the Trump administration’s latest round of sharper tariffs kicks in.

The newest round of duties took effect at midnight Thursday, lifting the average U.S. tariff rate to its highest level since the Great Depression. The move solidifies the president’s trade policy after months of negotiations, meaning more manufacturers and retailers are expected to begin raising prices in short order. Paid Promoted Stories Shoppers Say This $99 Hearing Aid Changed Their Life Oricle Hearing Ad is Hidden Please tell us why you hid this ad?

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