Trump’s Tariffs on China, Mexico and Canada to Start March 4Here’s What to Buy Beforehand [Video]

President Donald Trump has announced the implementation of tariffs on imports from China, Mexico and Canada, set to take effect on March 4. These measures are expected to have significant implications for the U.S. economy and consumer markets.

Newsweek reached out to the White House via email for comment.

Why It Matters

The upcoming tariffs include a 25 percent tax on general imports from Mexico and Canada, a 10 percent tariff on Canadian energy products and an additional 10 percent tariff on Chinese goods, effectively doubling the existing rate. These actions aim to address issues such as drug trafficking and trade imbalances. However, experts warn that these tariffs could lead to increased consumer prices, potentially fueling inflation and slowing economic growth. Notably, consumer expectations of future inflation have already risen in anticipation of these changes.

What To Know

On Thursday, Trump announced on Truth Social that tariffs on Mexico and Canada would start on March 4 …