On the campaign trail, Trump repeatedly denied that his tariff plan would lead to inflation. When ABC News asked him in September whether U.S. consumers could afford higher prices, Trump replied, “Who’s going to have higher prices is China, and all of the countries that have been ripping us off for years.”

When President Donald Trump’s administration announced it would impose 25% tariffs on Canada and Mexico, the world reacted. Florida-based businesses, from those that import or export goods at Port Tampa Bay to builders in need of construction materials for ongoing real estate projects, braced for market impacts.

President Donald Trump’s 25% tariffs on Canada and Mexico begin Saturday, but he hasn’t decided whether to include oil imports— a move that could affect gas prices despite his pledge to cut energy costs.

While tariffs will not directly be levied on the UK, the sanctions may have serious knock-on effects for the British economy

Donald Trump’s quest to reform the United States economy by implementing tariffs is moving quickly. The U.S. President had barely been back in the White House for a week when he started taking steps toward levying tariffs against Canada,

President Trump campaigned on using tariffs to revive domestic industry and fill America's coffers, but the tariff strategy now looks more muddled than ever. Why it matters: Trump has sent mixed signals about why his administration is slapping tariffs on billions of dollars' worth of imports,

Trump has also threatened to introduce tariffs - a tax on imports - on goods from Canada and Mexico, but paused these for 30 days after both countries agreed to boost border security. The US president has said tariffs are needed to help the American economy and to "protect" the country from the "major threat of illegal aliens and deadly drugs".