Canada and Mexico represent 25% of building materials imports, per NAHB. Who pays the tariffs? The US importers (who then pass along the increased cost to consumers). No one sends a tariff bill to Canada or Mexico.

We almost got to the Fed's target inflation - see chart. Tariffs will change that by pushing up consumer prices.

The reality of deflation ("bringing down grocery prices"): Central banks live in fear of deflation - a major cause of the Great Depression. Better to strive for an economy that will lift wages (as we had in recent years, tho obviously not enough) and slow price gains - like to the Fed's 2% target.

Here is JFK in his overcoat on the way to the Capitol.

Canada currently is loaning the U.S. two Super Scooper planes (CL-415) to fight the L.A. wildfires, and is sending more. Also known as Bombardier 415, they skim the surface of water at 100 miles per hour to pick up a 1,600-gallon load in about 10 seconds and drop it as a "water bomb" on wildfires.

California is #1 in federal income tax paid by state & among the least dependent on fed spending vs taxes paid. Residents pay $5 in fed tax for every dollar of fed support they get back. (Some states get more back than they pay.) In case anyone wanted to complain about fed resources they now need.

Tariff basics: U.S. Customs and Border Protection officers collect tariffs at ports of entry. IMPORTERS (American companies receiving the goods) pay the tariffs to the U.S. Treasury. Those companies typically pass on any cost increases to consumers. That makes items at Walmart more expensive. 1/2