US prices of gas, food, electronics set to rise after Trump's tariffs

President Trump’s tariffs on Canada, Mexico and China are expected to dramatically increase U.S. prices of everyday items from gas to groceries. NBC’s Christine Romans joins TODAY on what American consumers can expect.

Topics

Bitcoin reverses losses, rising to $99,000 after U.S. delays tariffs on Mexico

Cryptocurrencies tumbled over the weekend in a risk-off move after President Donald Trump hit Canada, Mexico and China with long-threatened import tariffs.
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Six things that could get more expensive for Americans under Trump tariffs

Economists warn that the introduction of tariffs could lead to prices rising on a wide range of products.
BBC News - 9m
Oil, gasoline futures rise after Trump slaps tariffs on Canada crude

Oil futures climbed Monday after President Trump slapped tariffs on Canada, Mexico and China over the weekend, sparking worries over U.S. crude imports.
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What are tariffs and will prices go up?

The cost of cars, fruit and pharmaceuticals could increase because of Trump's tariff announcement.
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WATCH: Canadian hockey fans boo US national anthem after Trump imposes tariffs

Ottawa Senators fans could be heard booing the U.S. national anthem before Saturday night's game against the Minnesota Wild after President Donald Trump imposed tariffs on Canada.
ABC News - 21h
Tariffs Could Inflate Food Prices Despite Trump Pledge to Lower Costs

Though Trump pledged to lower grocery prices, tariffs could raise prices.
Inc. - 1d
The tomato tariff? US consumers set to pay price of Trump’s trade war

Fruit, tequila and even cars could be more expensive as a result of the president’s decision
Financial Times - 11h
Toronto Raptors fans boo US national anthem after Donald Trump tariffs

Canadian NHL fans also booed Star-Spangled Banner Applause breaks out during Canadian national anthem Fans at a Toronto Raptors game on Sunday continued an emerging trend of booing the American ...
The Guardian - 18h
Gas prices set to rise as Trump tariffs hit Canadian and Mexican oil

U.S. consumers will see higher prices at the gas pump from President Donald Trump’s decision on Saturday to apply tariffs on Canadian and Mexican oil, according to analysts and fuel traders.
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Trump tariffs expected to raise consumer prices

As President Trump imposes tariffs on goods imported to the U.S. from Canada, Mexico and China, economic experts warn they could lead to higher prices for American consumers. NBC News' Brian Cheung ...
NBC News - 1d
Trump set to impose tariffs on Mexico, Canada, China

Trump says that he is rolling out 25 percent tariffs on Mexico and Canada and 10 percent on China. These big tariffs could impact the prices people pay for everyday items. NBC’s Yamiche Alcindor ...
NBC News - 2d
Trump Tariffs Could Hurt Oil Companies and Raise Gas Prices

Some oil refineries will probably struggle to replace imported crude oil if President Trump imposes 25 percent tariffs on products from Canada and Mexico.
The New York Times - 2d
Trump says he'll impose tariffs on oil and gas imports next month

President Trump on Friday proposed significant new tariffs on multiple sectors of the economy.
CBS News - 2d
Trump set to announce steep tariffs on Mexico, Canada

President Trump is on the cusp of upending North American trade, threatening to strike a radical blow to relationships with America's top economic partners. Trump is expected to announce Saturday ...
The Hill - 2d
Gold price hits record high on looming US tariff fears

Bullion surpasses October peak as traders stockpile in New York
Financial Times - 3d
Here’s how much gas could cost you if Trump’s threatened tariffs go through

President Trump has threatened to place 25% tariffs on Canada and Mexico as soon as this Saturday, potentially disrupting the relatively stable prices drivers have been paying for gasoline during a ...
MarketWatch - 5d
Bacon giant Smithfield Foods’ stock rises after IPO as Wall Street bites at reduced price

Smithfield Foods’ shares rose over their reduced initial public offering price Tuesday, as the pork producer returned to the stock market about 12 years after China’s WH Group took it private.
MarketWatch - 5d
Trump Tariffs Could Hit Cars, Clothes and Food Prices Fast

The levies could go into effect within the next few days.
Inc. - 6d
Democrats urge Trump to make good on campaign pledge to lower food prices

Elizabeth Warren and fellow lawmakers slam president for not keeping promise to reduce grocery bills ‘immediately’. US politics live – latest updates Democrats have challenged Donald Trump ...
The Guardian - 6d
Krugman: Trump immigration crackdown ‘set to hobble food production and home construction’

Economist Paul Krugman said he believes President Trump’s immigration crackdown will “hobble” the country’s food production and home construction. In a post on his Substack, Krugman said he’s spent ...
The Hill - 6d
Democrats slam Trump for not making good on promise to 'immediately' lower food prices

Trump vowed to slash grocery prices as soon as he took office, yet he has barely addressed the cost of food so far, Sen. Warren and others wrote in a letter.
NBC News - Jan. 27
US pauses tariffs on Colombia after deal on deportations

Bogotá had turned back American planes carrying deported migrants
Financial Times - Jan. 27
Colombian president orders increase of import tariffs on US goods after Trump order

Colombian President Gustavo Petro on Sunday ordered an increase of import tariffs on goods from the United States in retaliation to President Trump's tariffs and sanctions. Petro, in a post on the ...
The Hill - Jan. 26
Will gold's price rise after the January Fed meeting?

The price of gold could shift after the Fed meets this month — but will it continue on its upward trajectory?
CBS News - Jan. 24
Why Trump's tariff threat could raise car prices significantly

Some of the biggest car brands, including Ford, General Motors and Stellantis, have plants in Mexico and Canada.
CBS News - Jan. 23
Trump promised to lower gas prices — but his tariffs could help raise them instead

President Donald Trump’s “drill, baby, drill” pledge is well known, but drivers may end up paying more at the pump in the coming months despite his plans to lift U.S. oil production.
MarketWatch - Jan. 22
Trump trade battles could spike food prices, help China: former Mexico trade chief

Trade battles being threatened by President Trump would spike food prices, help China and risk key U.S. economic relationships, Mexico's former trade chief said Monday “I say bring it on," Kenneth ...
The Hill - Jan. 21
Stocks set to rise, dollar falls as Trump holds back on tariff ‘shock and awe’

Bitcoin, which soared to a record above $109,000 early Monday, was also pulling back.
MarketWatch - Jan. 21
Trump tariffs on Canada could jeopardize oil and gas exports to U.S., says trade chief

President-elect Donald Trump's threatened tariffs could prompt Canada to pursue dollar-to-dollar retaliation or an export tax on oil and gas bound for the U.S.
CNBC - Jan. 16
AI set to fuel surge in new US gas power plants

Climate targets in peril as Big Tech turns to fossil fuels to feed energy demand
Financial Times - Jan. 13
Is US inflation set to rise further?

Market Questions is the FT’s guide to the week ahead
Financial Times - Jan. 12
Why Trump’s tariffs may bring worse-than-expected price hikes to consumer electronics

As CES winds down in Las Vegas, one cloud hanging over the desert not often mentioned in all the coverage of newly unveiled gadgets was a prediction by the show’s host of how much prices for ...
MarketWatch - Jan. 11
Will US markets keep rising under Trump?

Economic uncertainty and frothy valuations jar with investor optimism
Financial Times - Jan. 7
‘Inflation levels seem to be increasing’: Businesses are worried about tariffs and rising prices.

The holiday shopping season gave a boost to service-oriented companies in December, but top executives were wary of potential Trump tariffs and a recent uptick in inflation.
MarketWatch - Jan. 7
Next blames clothes price rises on wage increases set out in Budget

The retailer expects employee costs to increase by £73m due in part to rising National Insurance
BBC News - Jan. 7

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