US President Donald Trump’s sweeping tariffs on imported goods are set to impact a range of everyday products, potentially driving up costs for American consumers. Here are six key items that may see price hikes:
- Cars – Tariffs on imported vehicles and parts could raise prices by $4,000-$10,000 per car, with manufacturers likely passing costs to buyers.
- Beer, Whisky & Tequila – Mexican beers like Corona and Modelo, along with Canadian whisky and tequila, may become pricier due to import taxes.
- Houses – Lumber tariffs could spike construction costs, pushing up home prices as nearly a third of US building materials come from Canada.
- Maple Syrup – Canada supplies 75% of the world’s maple syrup, and US tariffs may make this breakfast staple more expensive.
- Fuel Prices – With 61% of US oil imports coming from Canada, energy tariffs could lead to higher gas prices if exports are disrupted.
- Avocados – Nearly 90% of US avocados come from Mexico, and new tariffs might hike prices for guacamole lovers.
Economists warn that these tariffs could strain household budgets, as import taxes often trickle down to consumers. The White House argues the measures will boost domestic production, but critics fear trade tensions and retaliatory tariffs may worsen inflation.
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