Here’s how tariffs on Canada, China and Mexico may impact U.S. consumers

Main Idea: President Donald Trump’s new tariffs on imports from Canada, China, and Mexico are expected to raise costs for U.S. consumers and could reduce product choices.

Key Points:

• The White House said the first tariffs will start Feb. 1, including 25% on goods from Mexico and Canada and 10% on goods from China.
• Economists say import taxes usually get passed on to shoppers through higher prices.
• The biggest effects could hit consumer goods, food, fuel, cars, and other products that use imported parts or materials.
• Experts warn the tariffs could also trigger retaliation from other countries and slow U.S. growth.