US consumers warned to brace for higher prices due to Trump’s tariffs

Prices ‘highly likely’ to rise almost immediately, retailers say, after 25% duty hits exports from Mexico and CanadaUS politics live – latest updatesAmericans have been warned to brace for higher prices within days after Donald Trump pulled the trigger on Monday and imposed US tariffs on goods from Canada and Mexico, and hiked tariffs on China.Global stock markets came under pressure again on Tuesday, with leading indices falling sharply – and the benchmark S&P 500 lo