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Here's how tariffs on Canada, China and Mexico may impact U.S. consumers

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Tariffs will likely result in higher prices for U.S. consumers, both directly and indirectly, economists say.

Tariffs are a tax on foreign imports that are paid by businesses importing those products.

There are still many question marks over the looming tariffs on Canada , China and Mexico .

The White House expects tariffs and Trump 's broader economic agenda to benefit the economy.

Tariffs create "a lot of collateral damage along the way," economists warn.

U.S. companies that use tariffed goods to manufacture their products might raise prices for downstream goods.

Other nations might respond with retaliatory tariffs that start a trade war.

Tariffs may have the unintended consequence of destroying jobs, economists say.