President Donald Trump's campaign pledge to slash gas and grocery costs for Americans could be upended by his other pledge that went into effect Tuesday: steep tariffs on Mexico and Canada and an increase on tariffs on China.
Trump put a 25% tariff on all imports from Mexico and Canada, with the exception of Canadian energy and oil products, hit with a 10% tariff. Trump ordered an additional 10% tariff on all Chinese goods, bringing the total to 20%. China and Canada responded with their own tariffs on U.S. goods, and Mexico said it would do the same.
