Reported about 8 hours ago
As Donald Trump prepares to take office, he has announced plans for a new trade war involving a 25% tariff on imports from Mexico and Canada. This move could lead to significant price increases on various consumer goods, including gas, produce, vehicles, and alcohol, as the U.S. has become increasingly reliant on these neighboring countries for essential imports. Experts warn that Americans could see gas prices rise by up to 75 cents per gallon and higher costs for everyday items like avocados and cars, as businesses may transfer these expenses to consumers.
Source: YAHOO