GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.

These brands compensate us to advertise their products in ads across our site.

This compensation may impact how and where products appear on this site.

US President Elect, Donald Trump attends the welcome ceremony at official reopening ceremony of Notre-Dame Cathedral in Paris, France on December 7, 2024, after more than five-years of reconstruction work following the April 2019 fire.

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.

you’ve got the option to read more about oureditorial guidelinesand our products and servicesreview methodology.

Energy imports from Canada, however, have a lower rate of 10%.

facebook sharing button

This could have a huge impact on American consumers and theirbudgets.

The costs that businesses would incur to have the items shipped over could be passed along to shoppers.

Heres how experts said to protect yourself from potential price hikes.

twitter sharing button

Also seehow Trump doubling down on tariffs could change your finances in 2025.

That way, its easy to notice when sudden price hikes happen.

It may be wise for consumers to begin checking the individual costs of items.

linkedin sharing button

For one thing, this can help to alleviate the aforementioned sticker shock.

Pre-Purchase Potentially Affected Items

Harrison recommended stocking up on items from the countries Trump affected.

More From GOBankingRates

Share This Article:

The Latest inMoney

email sharing button