As Trump proposes new tariffs, particularly targeting China and Mexico, experts warn of significant repercussions for the economy, including potential price hikes for consumers and challenges for small businesses. Major companies are already preparing to raise prices, with predictions suggesting that everyday items and gaming consoles could see substantial increases. U.S. executives are scrambling to understand the implications of these tariffs, and many are reaching out to lobbyists to navigate the complex landscape. While some argue that tariffs could have beneficial effects, the consensus leans towards anticipated inflation and disrupted supply chains. This impending trade policy is causing unrest among retailers and consumers alike, as they brace for the possible arrival of a new trade war.