Here’s what will get more expensive from 25% tariffs on Mexican and Canadian goods [Video]

President Donald Trump said Monday he still intends to move forward with an across-the-board tariff of 25% on Mexican and Canadian goods, though he said those levies would come on February 1 rather than his previous day-one threat, Trump said in an Oval Office signing ceremony.Video above: Premier of Prince Edward Island warns against imposing tariffsThe tariffs, if enacted, could strain Americans’ wallets, especially given Mexico and Canada are two of America’s top three trade partners. Collectively, they accounted for 30% of the value of all the goods the U.S. imported last year, according to federal trade data.While Trump claims foreign exporters pay the tariffs, U.S. consumers stand to foot a portion of the bill, too, as retailers are unlikely to absorb the added costs fully.Retailers have taken some preemptive steps to stave off increasing prices, including stockpiling goods and shifting production away from countries that could get hit by …