Economist John Spry predicts with the new Trump tariffs, the price is going up. “Roughly $100 a month more for the stuff you buy for as long as they’re in effect,” explains Spry, a finance professor at the University of St. Thomas. “These are big tariffs: 25% on everything from Canada and Mexico, except for a lower 10% on energy.”

The tariffs on imports from Mexico, Canada and China by President Donald Trump could have far-reaching consequences for consumers in Minnesota.

Minnesota companies were assessing the damage Tuesday of the nascent trade war between the United States and its three biggest trade partners, an escalating tit-for-tat that could affect billions of dollars in state imports and exports.

Danny Lundell said the tariffs will impact the price he pays for potash — a valuable soil nutrient — something he can only get from Canada. "We need potash to raise healthier crops," Lundell said. Mr. Trump recently went to social media, telling farmers to "have fun" selling domestically.

After delaying proposed tariffs once, President Donald Trump has now implemented them on most goods from Canada and Mexico. They went into effect at 12:01 a.m. Tuesday.

Shared celebrations and hockey rivalries give way to ‘Buy Canadian’ labels as International Falls and Fort Frances face an unexpected chill

Two of America’s largest retailers, based in Minnesota, are warning prices will increase following President Donald Trump’s new tariffs on imported goods from Mexico, Canada and China.

Minnesota, along with Michigan and New York, are at risk of getting slapped with a 25% surcharge for electricity from Ontario​ if President Trump's ongoing tariff war doesn't end by Monday.