NPR.

This is the indicator from Planet Money.

I'm Whalen Wong, and I am here today with NPR's economics correspondent, Scott Horsley.

Welcome back to the show, Scott. Great to be here.

It's always a big day when you're here. And as we've been covering, President Trump's new round of

tariffs take effect today. They are on goods from many of the United States major trading partners.

And that means tariffs that had been set at 10% across most of the world are going to jump to 15 or 25% in some cases even higher.

That's going to boost the average tax on imports to the U.S. to about seven and a half times what it was last year before Trump returned to the White House.

The government is already collecting close to

$30 billion a month from these tariffs, and that number could go even higher as these new

higher tax rates take effect. So who's paying for that? Depends, right? Right. We've talked about

how foreign suppliers could absorb some of the cost, but it's U.S.

importers that initially have to pay the tariff, and then they have to decide whether to pass

some or all of that expense onto their customers.

Dan Rayfield is the Attorney General of Oregon. He argues that eventually American families

will get stuck with a big chunk of that $30 billion a month

bill. Tariffs are passed down to all of us. We as rumors, we as families, people that are working

day and day out to try and pay their bills don't have the flexibility in their budget to afford it.

That is a tax on all of us, right? But it's hidden in disguise as a tariff.

Deyen argues that the president's tariffs are not only costly but also illegal.

And so far, a special federal trade court has agreed.

For now, though, the government is still collecting the import taxes while the case is on appeal.

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