The tariffs proposed by President-elect Donald Trump will likely lead to higher prices – and inflation – for consumers.

Trump said he will impose a 25% tax on all products entering the country from Canada and Mexico, and an additional 10% tariff on goods from China, as one

Mexico’s president responded Tuesday to President-elect Donald Trump’s threat to impose tariffs on goods produced in her country with a warning that his plan would cause more inflation and hurt American automakers like General Motors and Ford.

With a Monday evening promise on Truth Social that his incoming administration will slap 25 percent tariffs on all goods from Canada and Mexico — as well as increasing already existing tariffs on China — Trump sent reporters (and investors,

Cars, apparel, electronics and more could see prices go up if President-elect Donald Trump follows through on his pledge to impose sweeping new tariffs on imports from Mexico, Canada and China.

President-elect Donald Trump's proposed tariffs could impact the price tag for a variety of products.

Better get used to them.