WICHITA FALLS, Texas (KAUZ) - On Feb. 1, President Donald Trump announced a 25% tariff on nearly all goods imported from Canada and Mexico.

The tariffs were set to take effect on Feb. 4, but after Canada agreed to bolster border security, Trump placed a one-month pause on the tariffs. If the pause ends, experts predict negative effects in several local industries.

“In Wichita Falls, the areas that will be most affected will be energy, aerospace, manufacturing and agriculture,” economist Thomas Fellows said.

Manufacturing plants such as Vitro Glass and Sealed Air Corporation could face increased production costs due to tariffs on imported raw materials.

“The recent steel and aluminum tariffs will affect pretty much everything, A lot of steel and aluminum is used in everyday materials,” Fellows said.

Experts also warn of potential retaliatory tariffs from Canada and Mexico, which could impact local farmers.

“It is something to be concerned about and to keep an eye on, we can’t affect the price of a bushel of grain, but we can market that bushel a little better,” AgriLife agent Dwayne Peirce said.

Sectors most likely to be affected include soybeans, corn, pork and dairy.

“Windthorst and Archer County produce quite a bit of milk. It’s possible dairy farmers in that area might take a bigger hit than wheat farmers,” Peirce said.

Beyond agriculture and manufacturing, tariffs could also impact Wichita Falls residents.

“The sad thing about these tariffs is that they’re going to disproportionately hurt the lower middle and middle class,” Fellows said. “People will have less discretionary spending because they mainly spend their money on food, fuel and utilities.”

If the tariffs go into effect, experts suggest consumers save money by purchasing generic brand groceries and cutting back on unnecessary expenses.