Tariffs on Mexico and Canada are expected to deliver a blow to U.S. consumers and businesses as the two countries are America’s top trading partners. The U.S. imports fresh vegetables and other produce from Mexico, while it relies on Canada for auto parts, lumber and oil.
Economists say American importers and businesses will likely pass along the cost of tariffs to consumers, meaning individuals are likely to see higher prices at the grocery store and car dealerships. Cherry tomatoes, Tonka trucks, maple syrup, tequila and avocados are among the long list of items that could get more expensive. Home renovations might also take a hit.
Tariffs on many Chinese imports (such as sledgehammers) began in 2018 so some U.S. households have already been paying hundreds of dollars more on average each year, according to economists.
