From avocados to gasoline, why Trumps tariffs could raise prices for Americans – National [Video]

The 25 pe cent tax that U.S. President Donald Trump plans to slap on imports from Canada and Mexico as soon as Saturday could drive up the price of everything from gasoline and pickup trucks, to Super Bowl party guacamole dip.

The tariffs would also invite retaliation. Doug Ford, the premier of Ontario, has already vowed to counterpunch by pulling American alcohol off store shelves in the Canadian province – no idle threat; Canada is the world’s second largest market for America’s distilled spirits (behind the 27-nation European Union).

Trump’s tariffs threaten to blow up the trade agreement he himself negotiated with America’s neighbors in his first term. His U.S.-Mexico-Canada Agreement – “the fairest, most balanced, and beneficial trade agreement we have ever signed into law,’’ Trump once declared — was supposed to bring predictability to North American trade, giving businesses the confidence to make investments.

But when it comes …