With U.S. President Donald Trump imposing sweeping tariffs on imports, everyday goods worth millions of dollars are set to become more expensive for American consumers. The latest trade measures include taxes ranging from 10% to 50%, with the highest rates targeting what the administration calls the “worst offenders.”
While Canada and Mexico have been exempted from some of the harshest tariffs, they—along with China—continue to face duties on select products. As a result, several essential goods are expected to see price hikes in the coming months.
1. Housing costs set to rise
The U.S. construction industry heavily relies on imported softwood lumber from Canada, a key material in homebuilding. Trump has insisted that the U.S. has an abundant domestic supply, but industry experts warn that the tariffs could drive up housing costs.
The National Association of Home Builders (NAHB) has expressed concerns that the increased cost of lumber will be passed on to consumers. “Consumers end up paying for the tariffs in the form of higher home prices,” the NAHB told BBC.
2. Alcohol prices to spike
Beer, wine, whiskey, and tequila could all see higher price tags under the new tariff structure. Popular brands like Corona and Modelo, imported from Mexico, will likely become more expensive, while tariffs on aluminum—used in cans—could further drive up prices for canned beverages.
For spirits, a 200% tariff has been placed on alcohol imported from Europe, affecting French champagne, German beer, and Spanish wine. Meanwhile, domestically regulated spirits such as Tennessee whiskey, bourbon, and Canadian whisky may face supply disruptions, further affecting costs.
3. Cars to become pricier
In 2024, the U.S. imported approximately eight million cars, totaling $240 billion in trade. With the new tariffs, the cost of purchasing a new vehicle could rise by thousands of dollars—even for models manufactured in the U.S.
While spare parts from Mexico and Canada have been given some exemptions, components imported from other regions will be subject to significant duties. The Anderson Economic Group estimates that parts alone could add between $4,000 and $10,000 to the price of a new car, depending on the model.
4. Fuel prices may climb
Canada is the largest foreign supplier of crude oil to the U.S., accounting for 61% of oil imports between January and November 2024. While most Canadian goods face a 25% tariff, crude oil has been hit with a lower 10% duty.
Still, experts warn that this could lead to an increase in gasoline prices, especially if domestic supply fails to offset the additional costs.
5. Maple syrup to see price hikes
Canada dominates the global maple syrup market, producing 75% of the world’s supply—90% of which comes from Quebec. With tariffs in place, consumers could soon see higher prices on one of North America’s most beloved breakfast staples.
“That maple syrup is going to become more expensive. And that’s a direct price increase that households will face,” said Thomas Sampson from the London School of Economics. He added that even U.S.-made products that rely on Canadian ingredients could see price hikes.
6. Avocados under threat
For Americans who love guacamole and avocado toast, the new tariffs could make these treats a costly indulgence. The U.S. imports nearly 90% of its avocados from Mexico, where the fruit thrives due to ideal growing conditions.
With tariffs in place, the cost of avocados is expected to rise—potentially putting a dent in sales at restaurants and grocery stores nationwide.
Economic concerns grow
With these tariffs taking effect, economists warn that the cost of living could increase for many Americans. While the Trump administration maintains that the trade measures are designed to protect domestic industries, consumers may soon feel the impact of higher prices on essential goods.