The tariffs from China range from 10% to 15% and are applied to crude oil, liquefied natural gas, farm machinery and select other products from the U.S.
President Trump's threats to impose new tariffs on European goods has led Americans to suddenly stockpile their favorite Italian wines, especially sparkling prosecco.
Trump has slapped 25% tariffs on goods from Canada and Mexico — and an additional 10% tax on Chinese goods. Americans are likely to see higher prices on a wide variety of products as a result.
The auto industry has built a North American supply chain that ping-pongs parts between the U.S., Mexico and Canada. Tariffs of 25%, if actually imposed, would be costly for buyers and the industry.
President Trump wants to impose sweeping tariffs on Canada, Mexico and China. NPR's Steve Inskeep spoke with two economists who unpacked the repercussions for the United States.
The White House says fentanyl smuggled to the U.S. justifies tariffs against Canada, China and Mexico. But fentanyl deaths and smuggling have been dropping fast — and Canada plays almost no role.
President Trump renewed his threat to impose 25% tariffs on imports from Mexico and Canada as early as this weekend. The move could raise prices on everything from gasoline to guacamole.
Canada accounts for about 60% of U.S. crude oil imports. If Trump's tariffs end up applying to that oil, that would likely cause gas prices to rise in the U.S., Canada's ambassador warns.