Economists, researchers and analysts have warned that President Donald Trump’s sweeping trade policy of tacking steep tariffs on most goods that come in to America will deliver a taxing blow to consumers via higher prices.

“Businesses have been eating up the higher prices that it takes to import these products, but of course, businesses cannot do that forever, and they certainly won’t be able to do that if tariffs go up any higher,” South Dakota State University economics professor Evert Van der Sluis said.

Explore our tariff tracker to see the latest rates for Brazil and seven other nations impacted by Trump's new trade policies.

The latest on President Trump's tariffs on America's trading partners, the effects on the U.S. economy and how other nations are responding.

A classic economic indicator is flashing red but not for the usual reasons. On Tuesday, the day after rolling out blanket tariffs on a slate of countries, President Trump said the US would put a 50 percent tariff on copper. Prices for the metal surged more than 10% to an all-time high.

The pause on President Donald Trump’s “Liberation Day” tariffs will be extended again, as the White House did not seal 90 deals within 90 days.