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Would Donald Trump’s taxes on trade hurt US consumers?

What could happen if Donald Trump drastically increases tariffs as he has promised to do?
Top stories - BBC News - October 14
China’s Car and Ship Exports Hit Record Despite Slowing Trade

World - Yahoo News - October 15
EU and British energy groups call for rewrite of post-Brexit trading arrangements

Open letter criticises ‘suboptimal’ mechanism under Trade and Cooperation Agreement amid push for more renewables
World - Financial Times - October 15
Bank of America tops estimates on better-than-expected trading revenue

Bank of America benefited from its Wall Street trading and banking divisions in the third quarter, just as rival JPMorgan Chase did.
Business - CNBC - October 15

Would Donald Trump’s taxes on trade hurt US consumers?