How Trump's Tariffs Could Impact Your Wallet and Shopping Choices

President-elect Trump plans to implement significant tariffs on imports from Canada, Mexico, and China, which experts warn could lead to increased prices for everyday goods and potentially spark a trade war. The proposed tariffs include a 25% levy on Canadian and Mexican goods and a 10% tariff on Chinese imports, with the possibility of further increases. These measures could disrupt supply chains and exacerbate inflation, affecting American consumers and retailers, who may raise prices in response.