Jeep and Ram owner Stellantis became the latest automaker to forecast a heavy hit from Trump's tariffs on imported vehicles on Tuesday.

Mexican President Claudia Sheinbaum said on Wednesday that she had spoken with Canadian Prime Minister Mark Carney and that the two had agreed to strengthen trade collaboration, particularly in light of the tariffs from U.

Major changes are coming to U.S. grocery prices this March. Mexican and Canadian imports face 25% tariffs, affecting fresh produce, meat, and common household items.

Investors weigh President Trump’s decision to impose on Aug. 1 tariffs on Mexican-made cars, steel, aluminum, metal parts, and tomatoes.

A vast majority of trade between Mexico and the U.S. has been exempt from tariffs for months. That could change on Monday.

Commerce Secretary Howard Lutnick reminded us of an important but little-discussed part of trade negotiations with Canada and Mexico -- "virtually 75%" of trade between the U.S. and its two neighbors is "already tariff free" because of the USMCA agreement.

The post Yes, Tariffs Are Raising Prices appeared first on Reason.com.

Automaker warns of massive hits to earnings from President Trump's tariffs, as it take steps to build more vehicles in U.S.

President Sheinbaum and Canada PM Carney have agreed to strengthen Mexico-Canada trade relations in light of US tariff threats.

Prime Minister Mark Carney on Wednesday said Canada will introduce a tariff rate quota for countries with which it has free trade agreements, excluding the United States, to protect the domestic steel industry.

Robert Friedland of Ivanhoe Mines told the BBC the 50% tariffs would help re-establish the US copper mining industry.