Upcoming tariffs on imported goods are set to raise prices on everyday items like smartphones, cars, liquor, and groceries. Tariffs targeting trade partners such as China, Canada, and Mexico aim to boost domestic production but will likely increase consumer costs. Smartphone prices may rise due to a 10% tariff on Chinese-made devices. Imported liquor could also become more expensive, as tariffs are applied to spirits from Mexico and Canada. Car prices and auto parts are expected to rise, while toy trucks and collectibles may cost more. Additionally, higher tariffs on crude oil imports will likely drive up gas prices. Fresh produce, especially from Mexico, will also see price hikes, impacting grocery bills.
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