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Trump tariffs on Canada, Mexico to increase prices for Ohioans [Video]

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Canadian Economy and Markets

Starting on Tuesday, the Trump administration will implement a 25% tariff on imports from Canada and Mexico.

COLUMBUS, Ohio — The Trump administration is putting a 25% tariff on imports from Canada and Mexico, effective Tuesday. 

Ned Hill, a professor of economic development at The Ohio State University, said the first thing people will notice is the increase in price of food.

“High demand and high margin foods in the winter are largely grown in Mexico. Say goodbye to your avocados, kid,” he said.

Hill said another large impact will be the cost of gasoline from Canada. 

“The reason for that is that’s heavy crude. It takes special refineries to handle it, and guess where they’re located? They’re located in Toledo and they’re in Lima,” he said. 

Hill said many cars have parts made in Mexico and Canada, but he thinks those tariffs will take time for consumers to notice since cars aren’t built overnight. He worries if the tariffs last, they could have a long-term negative impact on …

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