Trump’s tariffs take effect: What prices are set to increase?

President Donald Trump’s sweeping tariffs on imports from Canada, Mexico and China took effect at midnight. Reporting for TODAY, NBC’s Christine Romans says it’s only a matter of time until American families see price hikes nearly everywhere they spend money, from grocery stores to car dealerships.

Topics

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China tariffs set to take effect in March

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Trump's tariffs on Canada and Mexico to take effect in hours

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Stocks fall as Trump’s tariffs take effect

China and Canada retaliate as fears deepen over global trade war
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Stocks Slump as Trump Tariffs Take Effect

The S&P 500 added to recent losses in early trading. German automakers, many of which have plants in Mexico that make vehicles that are sold in the United States, were especially hard hit.
The New York Times - 1h
Trump says Canada, Mexico tariffs will go into effect Tuesday, China tariffs to increase

President Trump confirmed Thursday that tariffs he had threatened and then delayed against Canada and Mexico are set to go into effect next week, while China will face increased tariffs as part of ...
The Hill - 5d
Americans Brace for Inflation as Trump’s Tariffs Start to Take Effect

More Americans are starting to brace for higher prices as President Trump’s policies begin to take effect.
The New York Times - 6d
Trump says Canada, China and Mexico tariffs will take effect next week

President Donald Trump said Thursday that 25% tariffs on goods imported from Canada and Mexico would go into effect Tuesday, alongside yet another 10% layer of duties on China following one that ...
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Best Buy shares plunge as CEO warns price increases are 'highly likely' due to Trump tariffs

Best Buy beat Wall Street's fourth-quarter earnings and revenue estimates as the company's computing and phone sales increased.
CNBC - 22m
Mexico president vows response to Trump tariffs; US official acknowledges prices may increase in short term – live

Mexican president Claudia Sheinbaum says country will respond Sunday; commerce secretary defends Trump tariffs while acknowledging price increases. US consumers warned to brace for higher ...
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President Trump to address Congress as new tariffs take effect on Mexico, Canada and China

President Trump will lay out his priorities during an annual address to Congress Tuesday night. Mr. Trump will also talk about what he's already done, including massive cuts to the federal ...
CBS News - 2h
Hasbro says it's taking steps to offset China tariff effects

Toy and gaming giant Hasbro is shifting manufacturing away from China as it eyes the effects of U.S. tariffs.
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NBC News - 1h
Trump’s Tariffs on Canada, Mexico and China Snap Into Effect

President Trump imposed hefty tariffs on the United States’ largest trading partners on Tuesday, roiling global relations and sending shock waves through industries that depend on trade.
The New York Times - 11h
Trump takes actions to increase lumber supplies and curb wood imports

The president signed an executive order to increase the possible supplies of timber and lumber and possibly lower housing and construction costs, according to senior administration officials.
CBS News - 2d
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The latest wobble in the U.S. stock market has been fairly modest so far, with the S&P 500 still within 4% of its record closing high from last week. But that hasn’t stopped some on Wall Street ...
MarketWatch - 4d
Best Buy’s stock falls as CEO says tariffs ‘make price increases for American consumers highly likely’

An earnings beat and dividend hike aren’t enough to hold the stock’s early gains.
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China accuses US of 'blackmail' after Trump warns of increased tariffs

China’s officials condemned President Trump for his decision to add a 10 percent tariff on Chinese imports over the country’s alleged complicity in the international smuggling of fentanyl, a deadly ...
The Hill - 3d
Treasury Secretary Bessent says Trump tariffs won't cause inflation to increase

The Treasury secretary's comments come just two days before the tariffs are scheduled to go into effect.
CNBC - 1d
Panama dealing with "reverse migration" trends as Trump's policies take effect

Panama is dealing with migrants headed south as the Trump administration's new immigration policies change their outlook of living in the U.S. CBS News' Lilia Luciano reports.
CBS News - 3d
Trump: 25 percent tariffs on Canada and Mexico will go into effect Tuesday

President Trump said Monday that the 25 percent tariffs on Canada and Mexico will officially go into effect Tuesday, announcing there is no room for dealmaking to delay them again. “The tariffs, ...
The Hill - 19h
Trump says Mexico and Canada tariffs will go into effect as planned

President Trump on Monday said tariffs are "all set" to go into effect overnight, and that there is "no room" for Mexico and Canada to avoid them.
CBS News - 19h
Stocks fall as Trump says tariffs on Mexico, Canada will go into effect

Tariffs could raise prices for gasoline, avocados and iPhones.
ABC News - 16h
Trump says 25% tariffs on Mexico and Canada will go into effect

President Trump says tariffs on Mexico and Canada are “all set” and that there is no room left for negotiation. The auto industry is expected to be particularly impacted by the 25% tariffs. NBC ...
NBC News - 16h
Mexico and Canada tariffs will go into effect as planned, Trump says

President Trump said that he has decided to move forward with 25% tariffs on nearly all goods imported from Mexico and Canada as planned, after taking a month for aides to negotiate a potential ...
CBS News - 15h
China and Canada retaliate after Trump trade tariffs come into effect

Markets tumble as US president’s levies against Canada, Mexico and China come into effect. China and Canada unveiled retaliatory measures against the US after Donald Trump imposed his sweeping ...
The Guardian - 7h
Trump Says Canada and Mexico Tariffs Will Start March 4, Plus an Increase on China

The president also said he would impose an additional 10 percent tariff on China as he tries to force other countries to take more action on drug shipments.
The New York Times - 4d
These 4 stocks have limited exposure to Trump's tariffs set to start Tuesday

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
CNBC - 23h
Stocks fall after Trump confirms Mexico, Canada tariffs are set to begin

Stocks fell after President Trump confirmed 25% tariffs on nearly all goods from Mexico and Canada are set to begin. CBS MoneyWatch correspondent Kelly O'Grady reports.
CBS News - 18h
Trump says no more deals: Tariffs set to hit Canada, Mexico

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Trump says tariffs will finally take effect tomorrow The president told reporters ...
The Hill - 16h
Oil prices end lower on plans for OPEC+ output hike and Trump’s tariffs

Oil futures declined Monday after OPEC+ said it will boost output starting in April, and as President Donald Trump’s planned tariffs on imports from Canada and Mexico threatened to slow demand for ...
MarketWatch - 20h
Trump's new tariffs could hike car prices by $12,000, report says

Here's how new tariffs on Canada, Mexico and China could impact car prices for consumers, according to a new analysis.
CBS News - 17h
Inflation Is Rising. What Will That Mean for Trump’s Tariffs?

Consumer sentiment has turned south as high prices weigh on households. Could that crimp big pieces of the president’s economic agenda, including tariffs?
The New York Times - 4d
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Inc. - Feb. 21
Tell ‘price walkers’ to take a hike

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Police killings set record in 2024, but with smallest increase in years: Report

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The Hill - 5d
U.S. considers increasing egg imports amid skyrocketing prices

Strategy to fight avian influenza includes vaccine research and more money for biosecurity, USDA says.
CBS News - 5d

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