Trump’s tariffs on Canada, Mexico, and China could raise costs for U.S. consumers

Consumers in the United States may face higher prices on a wide range of products following the implementation of tariffs imposed by President Donald Trump’s administration on imports from Canada, Mexico, and China.

The new measures include a 25% tax on goods from Canada and Mexico, along with an additional 10% tariff on imports from China. Experts warn that these charges could drive up the cost of essential items.

Since tariffs are charged directly to importers, U.S. companies — such as Walmart, which sources products from multiple countries — will initially bear the costs. However, economists say part of this impact is likely to be passed on to consumers through higher prices.

“If there is a significant increase in tariffs … those costs will likely be passed onto U.S. consumers and businesses”, explained Brian Peck, executive director of the University of Southern California’s Center for Transnational Law and Business, to CBS Los Angeles.

An analysis by the Yale Budget Lab, a public policy research center, estimates that the tariffs could result in an annual increase in expenses ranging from US$1,600 to US$2,000 for a typical American family.

With rising price pressures, consumers already struggling with inflation may face further financial challenges in the coming months.