From cars to champagne, consumer goods may be more expensive to import and export from Canada, China, Mexico, and other impacted countries.

Trump’s car tariffs increased the risk of a trade war. President Trump’s plan to impose a 25 percent tariff on cars and parts imported into the U.S. sent a shudder through the

The new levies on cars and light trucks will take effect on April 3, the day after Trump plans to announce reciprocal tariffs aimed at the countries responsible for the bulk of the U.S. trade deficit.