Experts warn of rising prices on everyday products under Trump's proposed tariffs
Donald Trump plans to implement new tariffs on imports from China, Mexico, and Canada starting on his first day in office. He has proposed a 10% tariff on Chinese goods and 25% on imports from Mexico and Canada. Experts warn that these tariffs could raise prices on a wide range of everyday products, including cars, appliances, and food items. The tariffs could add significant costs, with estimates suggesting new cars might increase by $1,000 to $5,000. Trump's tariffs aim to address issues like drug trafficking and immigration. However, the exact details of the tariffs and their potential impact on consumers remain uncertain as he continues to discuss various proposals.