What are tariffs and why is Trump threatening to use them?

The cost of cars, fruit and pharmaceuticals could increase because of Trump's tariff announcement.

Topics

Trump Tariffs Threaten to Upend Global Economic Order

The invoking of national security to unravel trade agreements could scramble the international trading system in China’s favor.
The New York Times - 1d
What Is IEEPA, the Law Trump Used to Impose Tariffs?

President Trump said he was using powers granted under the law to impose tariffs on the United States’ largest trading partners.
The New York Times - 1d
Trump’s former trade chief on how tariffs affect the economy, why he says the U.S. needs them

Economists say tariffs can increase prices for consumers, but Robert Lighthizer, President Trump’s former trade chief, argues they’re necessary.
CBS News - 1d
China threatens countermeasures to combat Trump tariffs

Beijing attacks ‘arbitrary’ moves and says it will file WTO lawsuit
Financial Times - 2d
Trump Threatens Tariffs Over Immigration, Drugs and Greenland

The president is increasingly threatening other countries with tariffs for issues that have little to do with trade.
The New York Times - Jan. 28
Trump threatens steep tariffs against Canada and Mexico

President Trump opted against deploying a blanket tariff against U.S. trading partners, but kept the heat on Canada and Mexico.
CBS News - Jan. 21