While most of Los Angeles sleeps, 58-year-old Melquiades Flores starts his day at 1 a.m., supervising the unloading of produce at M&M Tomatoes and Chile Company, the wholesaler he started in 2019. But the business that Flores hopes to pass to his children one day is bracing for a disruption.

A government official says Canada is already examining possible retaliatory tariffs on certain items from the United States should President-elect Donald Trump follow through on his threat to impose sweeping tariffs on Canadian products.

A bit more than 50 days before taking the oath of office a second time, Trump took to social media this week to threaten the top three U.S. trading partners (Mexico, Canada, China). He vowed to impose tariffs of 25% on all products coming from our next-door neighbors, and to levy an additional 10% import duty on goods from America’s Asian rival.

The president-elect said he would sign an executive order immediately after his inauguration introducing a 25% tariff on all goods coming from Mexico and Canada and a 10% tariff on goods from China. Start the day smarter.

Economists worry that Trump's tariff plan will raise the prices of a range of imported goods, from cars to electronics.