

Yes. Its like sales taxes are going up. Unless something is assembled in the US from parts produced in the US there is now a big increase in taxes that must be paid. Most things people buy in the US will now be taxed significantly and thus cost significantly more.
Their banking sector at least went through reforms following the 2008 crisis. They are required to be less risky in certain ways than they were pre-GFC and have gone through a bunch of stress testing over the years.