Trump said he will impose a 25% tax on all products entering the country from Canada and Mexico, and an additional 10% tariff on goods from China, as one

Economists say the tariffs would act like a tax on American consumers, raising prices on any number of products. "We typically think as a rule of thumb that about 75% of the tariff will be passed onto consumers,

Wisconsin and other Midwest states rely heavily on oil from Canada, which would be subject to a 25% tariff under Trump's proposal.

Put simply, tariffs are a tax on imports. Here's what Donald Trump did with them in his first term and how they impact the economy.

President-elect Donald Trump is proposing sweeping new tariffs on Mexico, Canada and China as soon as he takes office. Here's why.

Any line pointing up is optimism about Trump and any line pointing down is pessimism about the incumbent. Heads, he wins; tails, Biden loses. Trump’s announcement on Monday that he plans to levy sweeping tariffs against Canada and Mexico as soon as he takes office seems as if it might similarly take advantage of this liminal moment.

Better get used to them.

Reaction to Trump's day one promise to slap tariffs on three of the America's key trading partners: Mexico, Canada and China. The president-elect framed the proposal as a response to the fentanyl crisis.