President Trumps tariffs on Canada, Mexico and China take effect Saturday. Heres what that means. [Video]

SAN ANTONIO – President Donald Trump’s tariffs on Canada, Mexico and China will go into effect this Saturday.

So, what does that mean?

A tariff is a tax placed on a country’s imported and exported goods, which President Trump has vowed to impose on goods from Mexico for months.

Tariffs imposed on Feb. 1 will be 25% on imported goods from Canada and Mexico and 10% on imported goods from China.

Trinity University economics department chair Dr. David Macpherson said tariffs on this scale have not been implemented since the Great Depression.

“The consumer will bear the burden of this tax,” Macpherson said. “The distributor is physically paying the tax to the U.S. government, but the distributor is going to hike the cost to the consumer. It’s going to pass that tax on to consumers, in terms of higher prices.”

Macpherson said this will impact agricultural products and berries from Mexico and auto parts from Mexico and …