From Groceries to Cars, Tariffs Could Raise Prices for U.S. Consumers

President Trump’s tariffs target countries that are major suppliers of a wide range of goods to the United States.For American families, the likely result is higher prices nearly everywhere they turn — in grocery aisles, at car dealerships, at electronics stores and at the pump.On Tuesday, new levies on goods imported from Mexico, Canada and China went into effect, according to executive orders issued by the Trump administration.All products coming from China are subject to a 20 percent tax, up from 10 percent.All goods imported from Mexico and most goods from Canada are subject to a 25 percent tariff.These tariffs were originally set to take effect at the start of February, but Mr.

Trump delayed them by a month.Canadian energy products will face a lower 10 percent tariff.While Mr.Trump acknowledged in February that his new tariffs could cause “some pain,” he has insisted that they will not substantially increase prices for Americans and that foreign countries will bear the brunt.In an interview with CNBC on Monday, the White House trade adviser, Peter Navarro, said the effect of tariffs on consumer prices would be relatively “small,” given the administration’s simultaneous plans to deregulate industry, reduce the size of the federal government and expand energy production.But trading data and economic studies suggest that consumers in the United States will probably see higher prices on a wide range of products, from vegetables and meat to cellphones and cars.

While some companies may opt against passing on the cost of the tariff, many are likely to raise prices on their products.“Because of the combination of these three countries, it’s going to be difficult to go down an aisle of a grocery store and not see some sort of inflationary effect,” said Jason Miller, a professor of supply chain management at Michigan State University.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for...