The president said he planned to impose tariffs on countries that tax U.S. products. He also paused an action against China, allowing its low-cost products to again enter the U.S. tariff free.

Yahoo Finance will chronicle the latest news and updates on Trump's tariffs — from the threats to the eventual policy.

In a confirmation hearing on Thursday, Trump's U.S. trade representative nominee Jamieson Greer said other countries will need to reduce barriers to U.S. exports if they want to maintain access to the U.S. market, citing Vietnam in particular.

There’s a growing sense among some inside the Federal Reserve that President Donald Trump’s willingness to use tariffs as a tool to accomplish his administration’s aims will end up boosting inflation,

University of Michigan consumer survey Friday found consumer sentiment fell about 5% on fears inflation will rise to 4.3% under Trump administration tariffs with major U.S. trading partners.

Jason Betz, private wealth advisor at Redwood Wealth Advisors, Ameriprise Financial, said that if President Trump's tariffs on China and other nations cause U.S. prices to rise, American consumers may say "enough is enough" and rein in their spending.

Here’s why Trump’s opening tariff salvo will likely hurt U.S. consumers. If U.S. voters reelected Donald Trump hoping for relief from higher prices, his recent threats to impose tariffs on America’s three largest trade partners might make them think again.