Trump's new tariffs on imports from Mexico, Canada, and China threaten to raise prices on essential goods including cars, gasoline, and agricultural products.
U.S. businesses brace for Trump's tariffs on imports from Canada, Mexico, and China, fearing increased costs, inflation impacts, and consumer price changes.
President Trump's 25% tariffs on Canada and Mexico, and 10% on China will commence Saturday, raising concerns over economic implications and retaliation from those countries.
The U.S. economy expanded at a 2.8% rate in 2024, driven by strong consumer spending, but inflationary pressures persist as policies shift under President Trump.