As 25% tariffs on imports from Mexico and Canada are set to take effect on Tuesday, Hispanic-owned businesses and companies that depend on cross-border trade are already passing higher prices onto consumers and preparing to sharply reduce imports.

White House officials have said Trump is considering reducing the tariff level after some progress from Mexico and Canada on reducing illegal immigration and the flow of fentanyl into the U.S.

The Trump administration is set to slap tariffs on products from Mexico, Canada, and China, which make up the three largest U.S. trading partners. The move could impact prices for everything from gasoline to avocados to iPhones.