Trump is amping up tariffs against almost every other country. The Mississippi economy relies on trade with Canada, Mexico, China. What will happen?

Analyst Cody Acree estimated that the average sticker price would rise about $5,790, based on the impact of the currently paused 25% levies on cars and components from Mexico and Canada. That would raise the cost of an average new car above $54,500, or nearly 12% higher than in 2024.

President Trump has implemented new 25 percent tariffs on imports from Canada and Mexico, and an additional 10 percent tariff on imports from China, as part of a calculated strategy aimed at