President Donald Trump’s long-threatened tariffs are here, plunging the U.S. into an escalating trade war with China, Canada and Mexico. Companies big and small will face higher costs on the goods they buy from other countries — and could have little recourse but to hike prices themselves.
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How Trump’s long-threatened tariffs could impact what you buy, AP Explains

President Donald Trump’s long-threatened tariffs are here, plunging the U.S. into an escalating trade war with China, Canada and Mexico. Companies big and small will face higher costs on the goods they buy from other countries — and could have little recourse but to hike prices themselves.
 
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