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President Donald Trump enacted sweeping reciprocal tariffs Thursday, targeting a wide range of imported goods after months of delay. It marks the administration's biggest move yet to reorder the global economy. The products affected include Japanese cars, Brazilian coffee, Chinese toys and furniture, and South Korean TVs, with most goods now facing taxes between 10 and 41%. The average rate is more than 17%, the highest since the Great Depression, according to Yale University.The Trump administration says the so-called "Liberation Tariffs" will help the U.S. by increasing revenue, but recent reports have shown visible damage to the economy. The president was celebratory on social media, posting at midnight that "billions of dollars are now flowing into the United States." Data shows a jump in taxes collected by customs and border officials, including tariffs. In July, the U.S. government collected nearly $30 billion, which is 242% higher than last July, according to the Treasury Department.Economists say the tariffs are weighing on the economy and are at least partially to blame for poor hiring, higher inflation, and less consumer spending seen in recent months. This sentiment is echoed by several small business owners who report seeing slower demand, higher prices, and general uncertainty.Trump is promising more tariffs are to come. Wednesday, the president said in the Oval Office he would be tariffing computer chips at 100%, unless companies agree to invest in the U.S.