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With Trump's tariffs in effect on US trading partners, expect prices to rise

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EconomyMarch 4, 2025 12:28 pm

With Trump's tariffs in effect on US trading partners, expect prices to rise

The Trump administration has added tariffs of 25% to goods from Mexico and Canada (Canadian energy products have a 10% duty added) and 10% to goods from China, leading to retaliatory tariffs. Experts explain how the costs will impact your wallet, on things like the cost of groceries, alcohol and fuel.

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With Trump's tariffs in effect on US trading partners, expect prices to rise

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