Trump Tariffs Raise Consumer Prices US, Canada, Retailers

President Donald Trump's tariffs on imported goods have significantly impacted prices and consumer behavior in the U.S. and Canada. Middle Eastern grocery stores like Babylon Market in Virginia are experiencing price increases due to tariffs, affecting both suppliers and customers who face higher costs for familiar products. A survey shows 81% of U.S. consumers expect to alter their spending habits because of tariffs, with many cutting back on non-essential purchases and expressing worries about inflation and product availability. Retailers such as Walmart have begun raising prices on imported items, including household goods and apparel, reflecting the tariffs' growing influence on consumer prices. In Canada, Loblaw reports that tariffs are prompting shoppers to favor Canadian products over U.S. imports, leading to significant sales declines for tariff-affected U.S.-sourced goods and an increase in tariff-marked products on shelves. Loblaw is actively seeking new suppliers unaffected by tariffs, with inflationary pressures from tariffs accounting for about 30% of its cost increases.