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Tariffs on Mexican and Canadian imports take effect, raising consumer prices and threatening economic sectors.
Starting Tuesday, 25% tariffs on imports from Mexico and Canada will take effect, leading to higher prices for consumers and preparations to reduce imports by businesses.
The potential for a North American trade war has already caused economic turmoil, including falling consumer confidence, worsening inflation, and anticipated downturns in the auto and manufacturing sectors.
Along the border, prices have risen in anticipation, and small businesses are particularly vulnerable, likely to pass increased costs onto consumers.
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Los aranceles sobre las importaciones mexicanas y canadienses entran en vigor, elevando los precios al consumidor y amenazando a los sectores económicos.