President Donald Trump's broad tariffs on imported goods from Mexico and Canada went into effect on Tuesday, along with increased duties on goods from China.

Consumers are likely to face higher costs for some imported goods, experts say. Here's the potential impact on your wallet.

President Donald Trump’s 25% tariffs on goods from Mexico and Canada, plus an additional 10% tariff on Chinese imports, started just after midnight Tuesday—potentially leading to price hikes on a range of imported goods, from food and alcohol to cars and prompting Canada and China to announce retaliatory tariffs.