President Donald Trump shook up trade relations over the weekend by slapping fresh tariffs on Mexico, Canada, and China. The move, signed at his Mar-a-Lago club, marks a sharp shift from years of nearly tax-free trade among these major partners.

The administration claims the tariffs are designed to tackle the influx of drugs and undocumented immigrants into the U.S. However, experts warn these changes could lead to higher prices for everyday items. Items like gasoline and home heating oil, which often rely on Canadian energy products, could see a 10% price hike.

For China, the tariff stands at 10%, while Mexico and Canada face a steeper 25% duty on most goods. While officials say the goal is to stop drug trafficking and illegal immigration, they haven’t set clear conditions for when these tariffs might be lifted.

Trump defended the move, calling tariffs “the most beautiful word in the dictionary” and insisting they’ll make America “very rich and very strong.” Yet, even he admitted there could be short-term disruptions for consumers.

This decision could spark a broader trade war, disrupting supply chains and potentially costing jobs. Mexico, Canada, and China are the U.S.’s top trading partners, together accounting for 42% of all imports last year. Notably, Mexico recently overtook China as the largest exporter to the U.S., a shift partly driven by earlier Trump-era tariffs.

With tensions already high, this latest move could reshape global trade dynamics—and leave American wallets feeling the pinch.