Beer is included in those categories and a huge share of American drinkers could face higher costs too, given the popularity of Corona and Modelo, the latter of which is now the No. Trump has insisted that countries of origin would pay the cost of any tariffs his administration seeks to impose. In a new note, analysts at Goldman Sachs estimated Trump's latest plans would cause inflation to increase by nearly 1%. In an interview with CNBC last week, the chief financial officer of Walmart said the big-box giant was bracing for potentially higher prices for its customers. But there probably will be cases where prices will go up for consumers.”

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Persons: Donald Trump, Trump, Goldman Sachs, China —, ” John David Rainey, ” Organizations: University of California, U.S, UC Davis, Corona, Modelo, Goldman, Trump, CNBC, Walmart Locations: Mexico, Davis, U.S, China