Trump plans immediate tariff increases on imports from Canada, Mexico, and China, raising concerns over consumer prices

President-elect Donald Trump has announced plans to increase tariffs on goods from Canada, Mexico, and China as soon as he takes office. Retail executives are warning that this could lead to higher prices for consumers. CEOs from companies like Columbia Sportswear and AutoZone have indicated that they may need to raise prices due to these tariffs. Walmart's CFO stated that the tariffs will likely cause inflation, meaning consumers will pay more. CNN's Jeff Zeleny noted that Trump's commitment to tariffs is well-known and suggests that he is likely to follow through, despite potential negative impacts on his supporters.