The companies are urging the president-elect to reimpose duties on steel from the U.K., the EU and Japan, accusing foreign rivals of unfair market practices.

Under a scenario with a broad 10% tariff and a 60% China tariff, the effect on households, even if there is no tariff retaliation, would be an additional $2,421 per household in 2023 dollars according to the Budget Lab at Yale University,

President-elect Trump has put the country’s top three trading partners on notice less than two months before he takes office. The former president threatened Monday to impose steep 25 percent tariffs on all goods from Canada and Mexico — two key U.

President-elect Donald Trump is threatening 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar

The U.S. is the largest importer of goods in the world, with Mexico, China and Canada its top three suppliers, according to the most recent census data.

President-elect Trump warned nations to forego efforts to adopt a new currency on Saturday by threatening to impose a 100 percent tariff on countries that try to undervalue the U.S. dollar. “We require a commitment from these Countries that they will neither create a new BRICS Currency,

The promise of new tariffs on America’s neighbors from President-elect Donald Trump has world leaders and businesses trying to predict the potential fallout.