Consumers Will See Higher Prices with Tariffs 

Tariffs on Chinese, Mexican, and Canadian goods have caused American stock prices to fall as markets weigh the potential economic impact of a trade war. According to Reuters, tariffs could cost the auto industry 25 percent of their annual earnings, with these costs being felt by both producers and consumers. The cost of building a home, as well as other consumer goods and services, are also expected to increase.

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