Consumers Brace for Rising Prices as President Trump Imposes New Tariffs n a significant policy shift President Donald Trump has announced new tariffs on imports from Canada Mexico and China effective this Tuesday he tariffs include a 25 levy on Canadian and Mexican goods and a 10 levy on Chinese goods hese measures are expected to increase costs for American businesses and consumers with studies estimating that the average American household could lose 1 000 to 1 200 in annual purchasing power nflation may rise by 0 4 percentage points and the U S economy projected to grow 2 8 last year may instead decline by 1 5 this year and 2 1 in 2026 usinesses across various sectors are preparing for increased costs and potential disruptions in their operations t the consumer level the cost of everyday goods such as groceries is expected to rise driving concerns over inflation@vquider@emilymayy@littleusmama@nicksiebecker@beverlywyatt@budyboy@eazy3@wayneavance7@marilyn1000000@v.nappi