Recent announcements of sweeping new tariffs by the Trump administration are expected to raise prices on a wide range of consumer goods, including cars, coffee, and clothing. As these tariffs take effect, concerns about a potential economic downturn grow, with experts warning of parallels to historical events like the Great Depression. Small businesses are particularly apprehensive, as many are likely to pass on increased costs to consumers. Trump has claimed that these tariffs will benefit the economy, although critics argue that American businesses and consumers will ultimately bear the financial burden. With over 60 countries now responding to these tariffs, the global trade landscape is becoming increasingly complex and contentious. Preparations are underway as Washingtonians and American consumers brace for the financial impact of these new trade policies.