President Trumps tariffs could raise the cost of groceries, gas and cars NBC Connecticut [Video]

President Donald Trump’s tariffs went into effect overnight. The administration imposed a 25% tariff on Canada and Mexico, and an additional 10% on China, bringing the total to 20%.

“This trade war will only bring disaster for everybody, I don’t see anything good coming out of it,” Quinnipiac University Professor of International Business Mohammad Elahee said.

China and Canada fired back immediately, imposing tariffs on U.S. goods.

“Tariffs would raise prices, it will disrupt the supply chain, and it will negatively impact our economic growth,” Elahee said.

The U.S. receives products from all three countries including meats, grains, oil, electronics, car parts, produce and beer. Elahee said tariffs will raise prices across the board.

“It will take some time for us to see the price escalation in the car market, maybe another two or three months, but eventually it is bound to happen if the tariffs stay in place,” Elahee …