Trump's tariffs on Mexico and Canada will increase prices for consumers; experts offer details

The delays in tariffs provide some temporary relief, but their implementation could result in significant price increases for essential goods. Sectors such as agriculture and auto manufacturing may see stress in margins, leading to potential stock price corrections for companies reliant on these inputs.

Higher tariffs on imports are likely to lead to reduced consumer spending as prices rise. Retail sectors heavily dependent on food and autos may face lower margins and profitability, impacting stock performance.

Given the potential for increased costs associated with energy imports from Canada, companies in the energy sector may face reductions in profit margins as they scramble to manage costs — which can affect stock prices in the short-term.