WritingPartners
2-Pane Combined
Comments:
Full Summaries Sorted

When will prices go up due to Trump's tariffs?

Author: Max Zahn

News, A. B. C. “When Will Prices Go up Due to Trump’s Tariffs?” ABC News, https://abcnews.go.com/Business/prices-due-trump-tariffs/story?id=119421787. Accessed 7 Mar. 2025.


0 General Document comments
0 Sentence and Paragraph comments
0 Image and Video comments


When will prices go up due to Trump's tariffs?

New Writing Partner Conversation New Conversation
Paragraph 1 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 1, Sentence 1 0
No sentence-level conversations. Start one.

New Writing Partner Conversation New Conversation
Paragraph 2 (Image 1) 0
No whole image conversations. Start one.
New Writing Partner Conversation New Conversation
Whole Image 0
No whole image conversations. Start one.

abcnews.go.com

New Writing Partner Conversation New Conversation
Paragraph 3 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 3, Sentence 1 0
No sentence-level conversations. Start one.

/Business/prices-due-trump-tariffs/story

New Writing Partner Conversation New Conversation
Paragraph 4 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 4, Sentence 1 0
No sentence-level conversations. Start one.

New tariffs hit a vast range of products from essentials to big-ticket items.

New Writing Partner Conversation New Conversation
Paragraph 5 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 5, Sentence 1 0
No sentence-level conversations. Start one.

By

New Writing Partner Conversation New Conversation
Paragraph 6 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 6, Sentence 1 0
No sentence-level conversations. Start one.

Max Zahn

New Writing Partner Conversation New Conversation
Paragraph 7 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 7, Sentence 1 0
No sentence-level conversations. Start one.

March 5, 2025, 10:24 AM

New Writing Partner Conversation New Conversation
Paragraph 8 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 8, Sentence 1 0
No sentence-level conversations. Start one.

Price hikes for gasoline and groceries could reach shoppers within days in the aftermath of tariffs imposed by the Trump administration, experts told ABC News.

New Writing Partner Conversation New Conversation
Paragraph 11 0
profile_photo
Mar 7
2025 Dylan A 2025 Dylan A (Mar 07 2025 1:25PM) : This could be a problem for many people, as gas is a necessity. Higher gas prices will affect almost everyone I know, including myself.
New Writing Partner Conversation New Conversation
Paragraph 11, Sentence 1 0
No sentence-level conversations. Start one.

Some products such as auto fuel and fresh produce will be hit with near-instant price increases, while others like cars, laptops and children’s toys will show hikes in the coming weeks and months, they said.

New Writing Partner Conversation New Conversation
Paragraph 12 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 12, Sentence 1 0
No sentence-level conversations. Start one.

The Trump administration imposed 25% tariffs on goods from Mexico and Canada, as well as 10% tariffs on imports from China. The fresh round of duties on Chinese goods doubled an initial set of tariffs placed on China last month.

New Writing Partner Conversation New Conversation
Paragraph 13 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 13, Sentence 1 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 13, Sentence 2 0
No sentence-level conversations. Start one.

Mexico, Canada and China make up the three largest U.S. trading partners, accounting for a vast array of products ranging from everyday essentials to big-ticket purchases.

New Writing Partner Conversation New Conversation
Paragraph 14 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 14, Sentence 1 0
No sentence-level conversations. Start one.

Tariffs of this magnitude would likely increase prices paid by U.S. shoppers, since importers typically pass along a share of the cost of those higher taxes to consumers, experts said.

New Writing Partner Conversation New Conversation
Paragraph 15 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 15, Sentence 1 0
No sentence-level conversations. Start one.

“Higher tariffs will translate into higher prices for some products very quickly,” Mark Zandi, chief economist at Moody's Analytics, told ABC News. “It will take longer for everything from vehicles to appliances to consumer electronics.”

New Writing Partner Conversation New Conversation
Paragraph 16 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 16, Sentence 1 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 16, Sentence 2 0
No sentence-level conversations. Start one.

In a series of social media posts last month, Trump said he would place tariffs on Canada, Mexico and China for hosting the manufacture and transport of illicit drugs that end up in the U.S.

New Writing Partner Conversation New Conversation
Paragraph 17 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 17, Sentence 1 0
No sentence-level conversations. Start one.

During an address to a joint session of Congress on Tuesday night, Trump also sharply criticized tariffs imposed on U.S. goods by Canada, Mexico and China.

New Writing Partner Conversation New Conversation
Paragraph 18 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 18, Sentence 1 0
No sentence-level conversations. Start one.

"President Trump continues to demonstrate his commitment to ensuring U.S. trade policy serves the national interest," the White House said in a statement on Tuesday.

New Writing Partner Conversation New Conversation
Paragraph 19 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 19, Sentence 1 0
No sentence-level conversations. Start one.

The U.S. imported $38.5 billion in agricultural goods from Mexico in 2023, making it the top recipient of such products, U.S Department of Agriculture data showed. Those imports include more than $3 billion worth of fresh fruits and vegetables.

New Writing Partner Conversation New Conversation
Paragraph 20 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 20, Sentence 1 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 20, Sentence 2 0
No sentence-level conversations. Start one.

Roughly 90% of avocados eaten in the U.S. last year originated in Mexico, USDA data showed. Other products with a high concentration of Mexican imports include tomatoes, cucumbers, bell peppers, jalapeños, limes and mangos.

New Writing Partner Conversation New Conversation
Paragraph 21 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 21, Sentence 1 0
profile_photo
Mar 7
2025 Dylan A 2025 Dylan A (Mar 07 2025 1:28PM) : I really enjoy avocados, so if they increase in price, that will be unfortunate. The US gets more than just avocados as well from Mexico.
New Writing Partner Conversation New Conversation
Paragraph 21, Sentence 2 0
No sentence-level conversations. Start one.

These products will show price increases within days because fresh produce cannot be held on shelves for an extended period, meaning imports slapped with tariffs will soon reach shoppers, Jason Miller, a professor of supply chain management at Michigan State University, told ABC News.

New Writing Partner Conversation New Conversation
Paragraph 22 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 22, Sentence 1 0
No sentence-level conversations. Start one.

“That’s what you’d expect to be hit the fastest,” Miller said.

New Writing Partner Conversation New Conversation
Paragraph 23 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 23, Sentence 1 0
No sentence-level conversations. Start one.

A similar dynamic will play out for gasoline prices for some U.S. drivers living in regions that rely on crude oil from Mexico and Canada, said Timothy Fitzgerald, a professor of business economics at the University of Tennessee who studies the petroleum industry.

New Writing Partner Conversation New Conversation
Paragraph 24 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 24, Sentence 1 0
No sentence-level conversations. Start one.

New Writing Partner Conversation New Conversation
Paragraph 25 (Image 3) 0
No whole image conversations. Start one.
New Writing Partner Conversation New Conversation
Whole Image 0
No whole image conversations. Start one.

President Donald Trump announces a $100 billion U.S. investment by Taiwan Semiconductor Manufacturing Company (TSMC) in the Roosevelt Room of the White House, in Washington, DC, March 3, 2025.

New Writing Partner Conversation New Conversation
Paragraph 26 0
profile_photo
Mar 7
2025 Dylan A 2025 Dylan A (Mar 07 2025 1:30PM) : This could be a smart move, as China is potentially going to invade Taiwan in the near future which could disrupt the production of electronics for all of us.
New Writing Partner Conversation New Conversation
Paragraph 26, Sentence 1 0
No sentence-level conversations. Start one.

Samuel Corum/POOL/EPA via Shutterstock

New Writing Partner Conversation New Conversation
Paragraph 27 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 27, Sentence 1 0
No sentence-level conversations. Start one.

Mexico and Canada account for 70% of U.S. crude oil imports, which make up a key input for the nation’s gasoline supply, according to the U.S. Energy Information Administration, a government agency.

New Writing Partner Conversation New Conversation
Paragraph 28 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 28, Sentence 1 0
No sentence-level conversations. Start one.

Those imports come primarily from Canada, which sends crude oil to U.S. refineries built specifically to process the crude and redistribute it as gasoline for cars and trucks. Gasoline that originates as Canadian crude reaches customers in the upper Midwest as well as some along the East and West coasts, Fitzgerald said.

New Writing Partner Conversation New Conversation
Paragraph 29 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 29, Sentence 1 0
No sentence-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 29, Sentence 2 0
No sentence-level conversations. Start one.

Gas refiners and retailers retain the ability to alter prices multiple times per day, meaning price hikes may have hit some drivers as early as Tuesday, he added.

New Writing Partner Conversation New Conversation
Paragraph 30 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 30, Sentence 1 0
No sentence-level conversations. Start one.

“Think about a digital board at a gas station – a couple taps to a button and the price goes up,” Fitzgerald said.

New Writing Partner Conversation New Conversation
Paragraph 31 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 31, Sentence 1 0
No sentence-level conversations. Start one.

A second wave of price increases will hit a wide-ranging set of products over the coming weeks and months, some experts said.

New Writing Partner Conversation New Conversation
Paragraph 32 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 32, Sentence 1 0
No sentence-level conversations. Start one.

A large share of consumer electronics – such as laptops, video game systems and smartphones – enter the U.S. from China, meaning the new tariffs will filter through into higher prices for those goods, they said.

New Writing Partner Conversation New Conversation
Paragraph 33 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 33, Sentence 1 0
No sentence-level conversations. Start one.

Price hikes will ultimately hit children’s toys, since many of those products also originate in China, Miller said.

New Writing Partner Conversation New Conversation
Paragraph 34 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 34, Sentence 1 0
No sentence-level conversations. Start one.

Some U.S. retailers appear to have been stockpiling children’s toys in anticipation of the tariffs, but the stored items will run out soon, he added.

New Writing Partner Conversation New Conversation
Paragraph 35 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 35, Sentence 1 0
No sentence-level conversations. Start one.

“You probably don’t get much of a reprieve beyond April,” Miller said.

New Writing Partner Conversation New Conversation
Paragraph 36 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 36, Sentence 1 0
No sentence-level conversations. Start one.

Prices for Mexico-made beer and tequila will also rise over the coming months, as will the cost of Canada-made maple syrup, Miller added.

New Writing Partner Conversation New Conversation
Paragraph 37 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 37, Sentence 1 0
No sentence-level conversations. Start one.

Canada is the top source of imported U.S. eggs, adding stress to a supply chain already decimated by an avian flu outbreak.

New Writing Partner Conversation New Conversation
Paragraph 38 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 38, Sentence 1 0
No sentence-level conversations. Start one.

Egg prices skyrocketed 53% over the past year, U.S. Bureau of Labor Statistics data showed last month.

New Writing Partner Conversation New Conversation
Paragraph 39 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 39, Sentence 1 0
No sentence-level conversations. Start one.

Since the U.S. relies overwhelmingly on domestic egg production, however, a potential price increase for Canadian eggs is not expected to meaningfully drive up egg prices at U.S. stores, Miller said.

New Writing Partner Conversation New Conversation
Paragraph 40 0
profile_photo
Mar 7
2025 Dylan A 2025 Dylan A (Mar 07 2025 1:32PM) : This is good news, as the prices won't rise too much more. The Avian flue is mostly responsible for that rise.
New Writing Partner Conversation New Conversation
Paragraph 40, Sentence 1 0
No sentence-level conversations. Start one.

“But it certainly doesn’t make things better,” Miller added.

New Writing Partner Conversation New Conversation
Paragraph 41 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 41, Sentence 1 0
No sentence-level conversations. Start one.

ABC News' Jacob Eufemia contributed to this report.

New Writing Partner Conversation New Conversation
Paragraph 42 0
No paragraph-level conversations. Start one.
New Writing Partner Conversation New Conversation
Paragraph 42, Sentence 1 0
No sentence-level conversations. Start one.

DMU Timestamp: March 06, 2025 22:08

General Document Comments 0
New Writing Partner Conversation Start a new Document-level conversation

profile_photo
Mar 7
2025 Dylan A 2025 Dylan A (Mar 07 2025 1:34PM) : Summary more

This article talks about what Trump’s tariffs are doing to goods ranging from produce to electronics and toys. It describes everything happening between Canada, Mexico, China, and the US and how each country is affecting each other. It talked about gas which is a particular concern for me.

Image
0 comments, 0 areas
add area
add comment
change display
Video
add comment

How to Start with AI-guided Writing

  • Write a quick preview for your work.
  • Enable AI features & Upload.
  • Click Ask AI on the uploaded document.
    It's on the right side of your screen next to General Document Comments.
  • Select Quickstart Pathfinder & ask how to begin.
  • Click Continue.
  • Click Start Conversation. after the results appear.

Welcome!

Logging in, please wait... Blue_on_grey_spinner