Price hikes are expected on consumer goods due to potential tariffs imposed by the incoming Trump administration.
Cars, particularly those produced in Mexico and Canada, may see price increases of $2,100 to $10,000.
Electric vehicles (EVs) could face tariff-induced price hikes and the end of the federal tax incentive, resulting in an average price increase of at least 20%.
Laptops, tablets, household appliances, video game consoles, and smartphones may also experience significant price increases.