Here's what will get more expensive

[SunSeeker]

15. Car prices will skyrocket.

Motor vehicles were also the second-largest good the US imported from Canada last year through November, for a total of $34 billion.

The auto sector is likely “apoplectic” about the new potential tariffs, said Mary Lovely, a senior fellow at the Peterson Institute for International Economics. US car companies have been able to keep production costs down by hiring lower-wage workers, particularly in Mexico, where much of their production has shifted to in recent years.

But that cost saving will essentially be erased if there’s a 25% tariff, she said. Car manufacturers are unlikely to move their production elsewhere, given they’ve made sizable investments in existing plants in both countries and it is difficult to source all the raw materials to build cars and their parts from other places.

This will really disrupt the supply chain as well. A huge amount of car parts are made in Canada and Mexico. This will be a disaster for the auto industry.

Hopefully the backlash will be so massive, like with his payments freeze, that he will back down. But unlike his payments freeze, his tariffs likely will not be blocked by courts. God help us.