What tariffs mean for consumers and business owners

The new U.S. tariffs went into effect at midnight: a 25 percent tax on all goods coming across the border from Mexico and Canada and an additional 10 percent tax on Chinese products, which now makes it 20 percent.

President Trump says the U.S. is getting ripped off by bad trade deals that cost American jobs, but American consumers, economists, and business owners are expressing grave concern that the tariffs will raise prices, leading to less consumer spending and, possibly, a recession.
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https://6abc.com/post/what-trumps-tariffs-canada-mexico-china-mean-consumers-business-owners/15977534/