What Do Trump Tariffs Mean for American Consumers?

The Epoch Times spoke with economists and analysts about what to expect from Trump’s tariffs on Canada and Mexico as well as increased tariffs on China.
What Do Trump Tariffs Mean for American Consumers?
People shop for groceries at a store in Mount Laurel, N.J., on Feb. 5, 2025. Samira Bouaou/The Epoch Times
Kimberly Hayek
Updated:

President Donald Trump’s tariffs on Canada and Mexico went into effect on March 4, in addition to a doubling of the 10 percent universal tariff on imports from China to 20 percent.

Trump confirmed in a Truth Social post on Feb. 27 that the plan would move forward, pointing toward illicit drugs such as fentanyl being smuggled into the United States from the two neighboring countries. He said the tariffs will be in place until these countries take major steps to prevent trafficking.

Kimberly Hayek
Kimberly Hayek
Author
Kimberly Hayek is a reporter for The Epoch Times. She covers California news and has worked as an editor and on scene at the U.S.-Mexico border during the 2018 migrant caravan crisis.