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 tookeffect 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.

“Tariffs have moved from being tentative to permanent — and that changes how American businesses are going to respond,” said Justin Wolfers, a professor of public policy and economics at the University of Michigan. “You’re going to start seeing h

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