Fruits and other Mexican foodstuffs typically sold in America would also grow costlier, he said, while American companies that sell crops such as corn, soybeans and rice to Mexico would take an additional economic hit if the Latin American country retaliated with tariffs of its own.

If President Donald Trump puts a 25% tariff on products coming from Canada starting next weekend, as he said this week he is considering, electricity costs in Massachusetts could increase by as much as $200 million a year, Gov. Maura Healey told business leaders Thursday morning.

President Trump's import tariffs, and moves to dampen electric vehicle sales and production has the auto industry in a state of uncertainty.