If Donald Trump makes good on his threat to slap 25% tariffs on everything imported from Mexico and Canada, the price increases that could follow will collide with his campaign promise to give American families a break from inflation.

U.S. and global brands produce a wide range of goods in Mexico for export to the United States, under the free trade protections afforded by the U.S.-Mexico-Canada Agreement, or USMCA – a deal Trump negotiated and signed during his first term.

Trump's plan for tariffs against Canada and Mexico could dramatically raise prices for Americans and threaten a trade agreement negotiated by his own administration.