Gasoline prices are up 29 cents a gallon in Arizona since President Trump took office; prices for produce and other consumer products could spike if he enacts more tariffs on Canada and Mexico, experts say.

The Trump administration told Mexican officials that they should put their own duties on Chinese imports as part of their efforts to avoid tariffs threatened by President Donald Trump, according to people familiar with the matter.

The White House published three separate Executive Orders that imposed blanket tariffs on Canadian, Mexican and Chinese imports. The Executive Orders are all similar in scope, with each having a unique justification for imposing the associated tariffs.

Car insurance rates could rise rapidly if President Trump slaps tariffs on Canada and Mexico. Assuming a 25% tariff on the countries, costs for full-cov

Analyst Cody Acree estimated that the average sticker price would rise about $5,790, based on the impact of the currently paused 25% levies on cars and components from Mexico and Canada. That would raise the cost of an average new car above $54,500, or nearly 12% higher than in 2024.

Since taking office, Trump has announced 25% tariffs on all imports from Canada and Mexico. These tariffs will bring an economic burden to many consumers and could also particularly affect businesses in New Mexico. Thomas Fellows, an economic commentator who covers tariffs, explained the effects the tariffs could potentially have on the state.

President Donald Trump suggested imposing tariffs on auto imports, threatening to drive up the cost of cars further amid plans for tariffs on steel, aluminum, Canada, and Mexico. But economists and the insurance industry say that this will raise auto insurance costs.