He thinks Trump is serious about his campaign promise to impose tariffs of 60% on all Chinese goods. American businesses are dusting off a playbook they used during Trump’s first term: stocking up on imported goods before tariffs are enacted.

While campaigning for a second term in office, President-elect Donald Trump declared "tariff" to be his "favorite word" and "the most beautiful word in the dictionary." We'll explain how tariffs work,

The president-elect has floated plans for blanket tariffs on virtually all imports in a bid to boost US manufacturing.

In his first global meetings since Donald Trump was reelected to lead the U.S., Chinese President Xi Jinping went on a diplomatic offensive, hedging against expected new tariffs and preparing to exploit potential future rifts between Washington and its allies.

President-elect Trump is set to introduce heavy tariffs on imported goods, continuing from his first term and President Biden's tenure. With proposed taxes of up to 60% on some imports, consumers may face higher prices on items like clothes and electronics.

Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.

According to Walmart CFO John David Rainey, President-elect Donald Trump's proposed tariffs could potentially lead to higher prices for consumers.

Potential tariffs could cost American consumers between $46B and $78B in annual spending power, the National Retail Federation says.