Minnesota companies were assessing the damage Tuesday of the trade war between the U.S. and its three biggest trading partners, an escalating tit-for-tat that will affect billions of dollars in state imports and exports.

Two of America’s largest retailers, based in Minnesota, are warning prices will increase following President Donald Trump’s new tariffs on imported goods from Mexico, Canada and China.

Minnesotan’s could see an increase in prices soon thanks to President Trump’s tariffs and the reciprocal tariffs from Canada, Mexico and China turning it into a trade war. That’s according to University of Minnesota marketing professor Paul Vaaler.

In 2023, Mexico supplied approximately 47% of the U.S.'s fruit and nut imports, according to the United States Department of Agriculture. This means that in Minnesota and across the U.S., we may soon see higher prices for nuts such as almonds, pecans, and cashews.