Businesses, consumers brace for possible effects of new tariffs on Mexico, Canada and China [Video]

RALEIGH, N.C. (WTVD) — The White House announced on Friday that tariffs on goods from Mexico, Canada, and China will be implemented starting Saturday as the Trump administration follows through on campaign pledges.

The move, which the White House said was in response to concerns about illegal immigration and chemicals used to make fentanyl originating from those respective countries, could have a major effect across several sectors. Goods from Mexico and Canada will face a 25% tariff, and goods from China will have a 10% tariff; tariffs on oil and gas from Canada are not expected to be immediately implemented, and could be at a lower rate. It’s not clear at this juncture whether any other products may ultimately be exempt.

“We’re trying to do the best we can to keep the prices down for as long as we can. But the way this particular situation is being handled, it’s not letting us plan. There are ways to handle things, and unfortunately, this creates too much uncertainty …