Trump threatened to escalate tariffs beyond 35% if Canada opts to retaliate with tariffs on U.S. goods. Canadian goods are also subject to sector-specific tariffs, such as 50% levies on steel and aluminum as well as 25% tariffs on non-USMCA compliant autos and auto parts.

Major changes are coming to U.S. grocery prices this March. Mexican and Canadian imports face 25% tariffs, affecting fresh produce, meat, and common household items.

Gov. Polis issues executive order to track financial impact of Trump tariffs to have data on how they will affect the state's economy

Note: Goods from Canada and Mexico that fall under the U.S.M.C.A. trade pact — the agreement that replaced NAFTA — are not subject to tariffs that took effect in March targeting those countries.