Dozens of new tariffs are set to take effect this week. What does it mean for consumers?
Dozens of new tariffs are set to take effect this week. What does it mean for consumers?

Dozens of higher tariffs, announced by President Trump last week, will take effect on Thursday. Meanwhile, Mr. Trump is also threatening India with an increase in tariffs if they continue to buy Russian oil. CBS News MoneyWatch correspondent Kelly O’Grady breaks down what to know.
Read the full article on CBS US
Truth Analysis
Analysis Summary:
The article's accuracy is mixed. While it correctly identifies the implementation of new tariffs, the specific details regarding the timing and impact require further scrutiny. The article exhibits a moderate bias by focusing on the negative consequences of the tariffs without providing counterarguments or alternative perspectives.
Detailed Analysis:
- Claim: Dozens of higher tariffs, announced by President Trump last week, will take effect on Thursday.
- Verification Source #2: Confirms new tariffs on dozens of countries are scheduled to take effect next week (referring to the week following July 28, 2025).
- Verification Source #4: States the new tariffs are set to take effect on August 7.
- Verification Source #5: States that in early July, Trump began sending letters saying higher tariffs would go into effect Aug. 1 unless they reached agreements.
- Assessment: Mostly accurate but the exact date is inconsistent across sources. The claim that the tariffs were announced 'last week' is vague and requires clarification. The date of effect is either August 1 or August 7 depending on the source.
- Claim: Mr. Trump is also threatening India with an increase in tariffs if they continue to buy Russian oil.
- Assessment: Unverified. None of the provided sources mention this specific threat to India regarding Russian oil. This claim requires further verification.
- Claim: The move could mean American consumers will have to pay more.
- Verification Source #1: States the new tariffs could cost the average American consumer $2,700-$3,400 per year.
- Verification Source #4: Economics say the move could mean American consumers will have to pay more.
- Assessment: Supported. Both sources 1 and 4 suggest that the tariffs will likely increase costs for American consumers.
Supporting Evidence/Contradictions:
- Source 1: '...could cost the average American consumer $2,700-$3,400 per year.'
- Source 2: '...new tariffs on dozens of countries that take effect on Aug. 7...'
- Source 4: 'The new tariffs are set to take effect on August 7...Economics say the move could mean American consumers will have to pay more.'