Inflation-weary Americans chose Donald J. Trump for President in part because they were sick of seeing prices continue to rise. Now, experts say, prices for homes, cars, fuel, and food may end up jumping again, this time because of the tariffs Trump announced Feb. 1 on Mexico, Canada, and China. On Feb. 3 both Mexico and Canada struck deals to delay their tariffs by 30 days, but a 10% tariff on Chinese imports went into effect Feb. 4. Here are some of the products that could be most affected.
AUTOS Car parts move across borders many times during manufacturing, which means tariffs will add up, says Michael Hicks, a professor at Ball State University in Indiana. He estimates that this set of tariffs could increase the price of a…