Last Monday on the website Truth Social, President-elect Donald Trump made clear his intention to impose a substantial tariff on products imported to the United States from Canada and Mexico. Trump announced his tariff plan after alleging that "thousands of people are pouring through Mexico and Canada,

In the wake of Thanksgiving, consumers are increasingly concerned about the potential rise in prices for goods imported from Mexico amid President-elect Trump's threats to impose tariffs. The tension between the US and Mexico has been highlighted by a phone call between Trump and Mexican President Claudia Sheinbaum,

If you think the cost of goods is expensive now, come January, price tags could appear with some extra weight if the incoming Trump administration follows through with its threat of widespread tariffs.