Tariffs will lift US gas prices within days
“Tariffs on US imports from Canada and Mexico were announced Saturday by the Trump administration and are set to take effect on goods arriving here Tuesday, as President Donald Trump followed through on a campaign promise by taking action against America’s two biggest trading partners. But then on Monday he put the Mexican tariffs on hold. The tariffs, a tax on goods crossing the border, will affect the price Americans will pay for all manner of imports from the countries, including cars, lumber and agricultural products. But gasoline and other energy products could be among the first to see the expected price increases.” [CNN Business, Chris Isidore, February 3, 2025 – Top Economist Predicts What Impact Trump’s Tariffs Will Have On Americans]
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