<ul><li>President Donald Trump has imposed tariffs on Canada, Mexico, and China, which could lead to a price hike for shoppers in the US and impact various industries.</li><li>Items sourced from Mexico and Canada will now face a 25% tariff, while those from China will have an extra 10% duty.</li><li>The tariffs could increase taxes by $958 billion between 2025 and 2034 on a conventional basis, potentially resulting in an average tax increase of more than $670 per US household in 2025.</li><li>The removal of exemptions and retaliatory taxes could further impact US shoppers, especially for goods from popular e-commerce platforms and result in increased prices for electronics, appliances, and electric vehicles.</li></ul>

Brace for pricier gadgets as steep tariffs hit top US trade partners

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