As President Trump continues to threaten tariffs on imports from Canada and Mexico, consumers could soon see a significant increase in gas prices. According to MarketWatch, if these tariffs go through, the price of gas could rise by as much as 25 cents per gallon. This potential price hike would have a direct impact on American consumers, who rely on gas for transportation and heating.

Furthermore, Trump's tariffs on Canadian lumber could also have far-reaching consequences. MarketWatch warns that these tariffs could be a nightmare for California's fire recovery efforts, as the state relies heavily on Canadian lumber for rebuilding homes and infrastructure destroyed by wildfires.

In addition, Trump's tariffs could extend beyond gas and lumber. According to HuffPost, other goods, including automobiles, could also become more expensive. The New York Times reports that automakers are particularly concerned about the potential impact of tariffs on their supply chains.

As the debate over tariffs continues to unfold, it is clear that the consequences could be significant for both consumers and industries across the country.