Residents of South Jersey and the rest of the U.S. may soon pay more for coffee, clothing and more under new tariffs announced this week by Trump.

President Donald Trump’s massive tariffs announced on dozens of nations Wednesday were pitched as “reciprocal,” matching what other countries charge the United States dollar for dollar, even taking into account non-tariff barriers like value-added taxes and other such measures.

For Mr Trump the measures represent an attempt to bring a long era of increasingly free global trade to a definitive end. Such openness has, he argued, allowed other countries to “rip off” America. “For years,

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In his speech, he listed the new tariffs to be imposed on a number of countries, including the country's biggest trading partners, and a more complete list was released later by the White House. No further tariffs were announced for Canada or Mexico.

Speaking in the Rose Garden of the White House, the president announced new “reciprocal” tariffs on almost all America’s trading partners. There will be levies of 34% on China, 27% on India, 24% on Japan and 20% on the European Union.

U.S. financial markets responded with significant losses after President Donald Trump unveiled his tariff plans.

Now, Trump’s tariff plan will send them further upward. It’s impossible for literally everything to be grown in the United States, as the country’s climate is not right for bananas, avocados, coffee and other produce at the scale necessary to meet U.