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.”

Many presidents use tariffs to force negotiations. But for President Trump, they are the point, a source of revenue as he pursues a Gilded Age vision.

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.

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

Donald Trump has announced sweeping tariffs on Mexico, Canada and China, kicking off a trade war that will affect the globe. What did Trump announce? The US president said on Sunday that goods from Mexico and Canada will face 25% tariffs,

President Donald Trump said on Friday he plans to announce reciprocal tariffs on many countries next week, a major escalation of his trade war. Trump did not identify which countries would be hit but suggested it would be a broad effort that could also help solve U.

President Donald Trump plans to unveil reciprocal tariffs next week, affecting "everyone", to ensure the US is treated evenly with other countries. He spoke at the White House. (Source: Bloomberg)

U.S. President Donald Trump's ability to swiftly impose, and then delay, tariffs on top trading partners has left world markets swinging one way and then another. Last weekend, for example, he announced sweeping tariffs on Canada,