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Expect To Pay More For These Items As Trump Tariffs Take Effect


Expect To Pay More For These Items As Trump Tariffs Take Effect

Canada and Mexico have been slapped with 25 percent tariffs. The rate for China, America's main economic rival, is 20 percent.

Mexico and Canada account for about 70 percent of US crude oil imports.

Now, many economists are warning that American consumers will be paying more for a host of staple items.

The tariffs could lead to a 40-cent or more increase in a gallon of gasoline and also cause a rise in grocery bills.

Canada and Mexico are the top two US trading partners for both finished motor vehicles and auto parts.

The US imports about $45 billion worth of agricultural products from Mexico and another $40 billion against Canada annually, according to the US Department of Agriculture.

Expect price increases for these other products, including to automobiles, auto parts, and fuel:

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