(Shenandoah) -- Farmers are becoming collateral damage in the Trump Administration's continuing trade war.

President Donald Trump has introduced tariffs on goods reaching the US from countries around the world. Trump argues that the move will boost American manufacturing and create jobs, but critics warn of higher prices and damage to the global economy. Tariffs are taxes on imported goods.

The new tariffs could either halt renovations or significantly increase the cost of kitchen cabinets for homeowners.

John Deere exemplifies the unintended consequences of Trump’s tariff strategy. The company reported a 26% drop in net income and a 9% decline in sales, attributing much of this to reduced farmer spending and increased production costs due to tariffs on steel and aluminum.

The tariffs imposed by President Trump's administration have shifted the financial burden onto American consumers, affecting everyday products in supermarkets and online stores.

The US has imposed a 50% tariff on most Indian exports, following through on its threat to raise them from 25%. Although they are formally applied to goods, there are fears that tariffs could also unleash a domino effect on IT services.

The Trump administration formally asked the Supreme Court on Wednesday evening to decide whether President Donald Trump’s ever-shifting tariff policy is lawful. Two federal courts, and a total of 10 federal judges, have all concluded that it is not.

Two lower courts have said some of President Trump's tariffs are unlawful. Now the Supreme Court has agreed to examine the issue.

Although smartphone prices haven’t significantly increased yet, prices for other consumer products, including apparel, footwear and coffee, are rising, driven by tariffs costs.

The industry-based tariffs offer potentially more durability than the country-level levies Trump imposed under the International Emergency Economic Powers Act. The Supreme Court has agreed to consider a challenge to those tariffs, after two lower courts have already declared them illegal.