US motorists should brace for a hike in gasoline prices under the incoming Trump administration plans to slap tariffs on imports of products from Canada and Mexico.

President-elect Donald Trump is vowing to raise tariffs on Canadian, Mexican and Chinese goods, which is likely to mean higher prices for consumers, according to an MIT economist.

President-elect Donald Trump's threat to impose tariffs on Canada, China and Mexico on the first day of his administration could dramatically raise prices for Americans on everything from cars to clothes to oil.