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

Tuesday Briefing: Trump’s Tariffs Set to Take Effect

Plus, Sean Baker’s big Oscar wins.
The New York Times - 19h
China tariffs set to take effect in March

Additional tariffs on China are expected to take place in March as President Trump insists on businesses making products in the U.S. CBS MoneyWatch correspondent Kelly O'Grady reports.
CBS News - 4d
Trump says 25% tariffs on Canada and Mexico still set to take effect tomorrow

Ukrainian President Volodymyr Zelenskyy said yesterday that he believes he will be able to salvage his relationship with the United States after President Donald Trump and Vice President JD Vance ...
NBC News - 1d
Trump's tariffs on Canada and Mexico to take effect in hours

The U.S. will impose 25% tariffs on imports from Canada and Mexico starting Tuesday. Tariffs on goods from China will increase from 10% to 20%. Kelly O'Grady, CBS News MoneyWatch correspondent, and ...
CBS News - 18h
Stocks fall as Trump’s tariffs take effect

China and Canada retaliate as fears deepen over global trade war
Financial Times - 13h
Stocks Slump as Trump Tariffs Take Effect

The S&P 500 extended its recent losses on Tuesday, with global automakers, cruise lines, tech companies, retailers and other businesses coming under pressure.
The New York Times - 35m
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 ...
NBC News - 5d
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 - 3h
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 - 5h
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.
CNBC - Feb. 20
Justin Trudeau delivers remarks as U.S. tariffs take effect

Watch live coverage as Canadian Prime Minister Justin Trudeau delivers remarks on the U.S. tariffs and how Canada will respond to President Trump's policy.
NBC News - 4h
Stocks tumble for second straight day as tariffs take effect

The S&P 500 fell 1.7% Tuesday, officially erasing all the gains it had accrued since Donald Trump was declared winner of the 2024 presidential election in November.
NBC News - 2h
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 - 13h
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
Trump’s tariff push has spooked investors. Here’s what it would take for him to step in to stop the selling.

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 - 5d
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.
MarketWatch - 3h
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 - 4d
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 - 2d
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 - 4d
Trump Tariffs Rattle Border Businesses as They Hike Prices

Uncertainty and the threat of further disruption prompt big changes and plenty of worries at small companies that depend on cross-border business.
Inc. - 2h
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 - 22h
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 - 21h
Stocks fall as Trump says tariffs on Mexico, Canada will go into effect

Tariffs could raise prices for gasoline, avocados and iPhones.
ABC News - 19h
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 - 19h
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 - 17h
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 - 10h
Wall Street's rout deepens as Trump's new tariffs go into effect

Stocks tumbled for a second consecutive trading day as President Trump's new tariffs go into effect on the U.S.'s biggest trading partners.
CBS News - 2h
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 - 1d
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 - 21h
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 - 18h
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
China announces their own retaliatory tariffs after Trump increases levies against Beijing

China has announced retaliatory tariffs against U.S. food imports in response to President Trump's increased levies on Chinese goods. CBS News foreign correspondent Anna Coren has more.
CBS News - 2h
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 - 22h
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 - 20h
These products could see price hikes under Trump's new tariffs

Consumers are likely to face higher costs for some imported goods, experts say. Here's the potential impact on your wallet.
CBS News - 2h
Target and Best Buy warn of price hikes from Trump's tariffs

Wall Street investors, retail executives and economic analysts are sounding growing alarms that the new administration’s trade policies could pinch shoppers and the economy.
NBC News - 1h

More from NBC News

Video shows Kansas senator getting booed after leaving town hall early

Sen. Roger Marshall, R-Kan., was booed for leaving a town hall meeting early after facing questions about the efforts of the Trump administration’s Department of Government Efficiency. Marshall ...
NBC News - 36m
Arson suspected in Massachusetts Tesla charging station fire

Fire officials in Littleton, Mass., say they believe a fire that destroyed several Tesla charging stations was intentionally set. WBTS' Michael Rosenfield reports.
NBC News - 2h
Top FBI official retires under pressure

A top FBI official is retiring under pressure, and as NBC News’ Tom Winter reports, this comes amid a battle over revealing agents who worked on the January 6th case.
NBC News - 19h
Head of FBI's NY field office retires under pressure from Trump admin, sources say

James Dennehy, the head of the FBI’s New York Field Office, was forced out one month after writing an email to his staff urging them to “dig in” after the Trump Justice Department demanded a list ...
NBC News - 19h
Trump-Zelenskyy rift is putting U.S. on 'wrong side of history,' says House Democratic lawmaker

Rep. Mike Quigley (D-Ill.) joins Meet the Press NOW to discuss last week's meeting between President Trump and President Zelenskyy. Rep. Quigley lays out what he wants to see in a government ...
NBC News - 21h