Trump's new tariffs could drive up prices, impact jobs, and shift global trade. Explore the economic effects and what’s at stake for consumers and businesses.

President Trump calls for reciprocal tariffs to counter what he has described as "unfair and unbalanced" practices with trading partners.

The White House has hinted at new tariffs targeting India and the European Union. The Trump administration seemed to imply European automotive imports could be hit with a 10% tariff. Indian-made motorcycles could be targeted by a 100% tariff to match those applied to U.

Starting Tuesday, nearly all imports from Canada and Mexico will be charged a 25% tariff, while goods from China will be charged a 10% tariff.

President Donald Trump is taking a blowtorch to the rules that have governed world trade for decades. The “reciprocal’’ tariffs that he announced Thursday are likely to create chaos for global businesses and conflict with America’s allies and adversaries alike.

The biggest foreign supplier of cars was Mexico ($49 billion), followed by Japan ($40 billion), South Korea ($37 billion), Canada ($28 billion) and Germany ($25 billion).

Donald Trump's planned reciprocal tariffs would match the fees other countries impose on U.S. imports, including tariffs and taxes.