Here's what could get more expensive under Trump's tariffs on Canada, Mexico and China

President Donald Trump has imposed sweeping tariffs on America's largest trading partners, raising the prospect that a host of everyday goods could become more expensive for U.S. consumers.

President Donald Trump has imposed sweeping tariffs on America's largest trading partners, raising the prospect that a host of everyday goods could become more expensive for U.S. consumers.

Just after midnight, 25% duties came into effect against Canada and Mexico. An additional 10% levy was imposed on Chinese goods on top of another 10% tariff that took effect in February. A lower 10% duty was placed on Canadian energy imports.

The U.S. imports billions of dollars' worth of goods from those nations across a range of sectors. Among the common Mexican imports that may see price increases: cars, fruits, vegetables, beer, liquor and electronics. And from Canada: potatoes, grains, lumber and steel.

EY Chief Economist Gregory Daco said last month that agricultural products, as a major category of trade between the U.S., China and Mexico, would be among the products most directly affected by any new duties.

On Tuesday morning, Target CEO Brian Cornell warned produce items at the big-box retailer may see price increases. Target relies heavily on Mexican produce during the winter months, he said, and the tariffs could force the company to raise prices on fruits and vegetables as soon as this week.

https://www.nbcnews.com/news/us-news/what-could-get-more-expensive-trump-tariffs-rcna190300

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