Wisconsin businesses brace for price hikes after Trump tariffs take effect [Video]

Tariffs against several United States trade partners are now in effect, and Wisconsin businesses are bracing for impact.Business leaders and experts said Tuesday the price hike on goods from Canada, Mexico and China will likely be passed onto consumers — impacting prices on things like groceries, auto parts and gas. “No room left for Mexico or for Canada,” Trump told reporters Monday. “No, the tariffs, you know, they’re all set.”Trump is imposing 25 percent tariffs on imports from Canada and Mexico, and an additional 10 percent tariff on China.More than half of the lumber at Bliffert’s Lumber and Hardware in Milwaukee comes from Canada, according to Eli Bliffert, the president of the family-run company. “It’s mostly geography, you know, we’re closer to Canada,” Bliffert said. Bliffert said it’s too soon yet to know just how serious the impacts from the extra tax will be on his business, but because imports …