Donald Trump isn’t attempting to curry favor with the nations that border the United States.
The Trump administration imposed 10 percent import levies on Chinese goods and 25 percent import taxes on Canada and Mexico on February 1.
Energy imports from Canada will also be subject to a 10% tax.
For Mexico specifically, the increased tariffs have been described as “catastrophic.”
According to Trump, the unpopular reform was implemented in an effort to make America “very rich again.”
People in the US should anticipate higher grocery and gas prices as a result of the move.
The price of avocados, berries, cooking oil, beef, meat products, beer, and tequila will all be impacted, according to Phil Lempert, editor of The Supermarket Guru.
