Americans burned out on inflation will soon pay more for scores of household goods, including new cars, coffee, chocolate and iPhones after President Trump introduced two new tariffs on goods imported into the U.

U.S. President Donald Trump imposed a series of sweeping tariffs on countries around the world that could drastically alter the landscape of global trade, and consumer goods like iPhones could be among the hardest hit,

Shares of Apple, Amazon and other tech stocks are getting walloped on Thursday as the markets digest the impact of Trump’s new round of tariffs announced on Wednesday evening. Shares of Apple were down about 9 percent on Thursday morning,