Here’s what could get more expensive under Trump’s tariffs
President Donald Trump imposed a 25% wholesale tariff on Canada and Mexico simultaneously as part of his threatening tariffs against China, Canada, and Mexico that went into effect Saturday night.
Currently, China is only subject to a 10% duty.
Compared to his first administration, Trump is adopting a more assertive stance against the country's neighbors. He then adopted a more focused strategy for particular industries, such as aluminum and steel.
Although there was a carve-out for Canadian energy, which will be tariffed at 10% rather than 25%, the tariffs appear to apply to the majority of categories this time around.
Numerous goods that the United States imports from its neighbors may become more costly as a result of the broad tariff. Fruits, vegetables, alcohol, liquor, electronics, a...