Article continues below advertisementOn Thursday, August 7, products from nearly 70 countries were hit with tariffs ranging from 10 to 41 percent, putting the prices of everyday goods, including food, clothing and electronics, at risk of significant increases. Just before the clock struck midnight on the night before Donald Trump's reciprocal tariffs took effect, the president issued an all-cap rant on Truth Social, where he heavily celebrated his plan being implemented after several delays.