Trump's new tariffs could drive up prices, impact jobs, and shift global trade. Explore the economic effects and what’s at stake for consumers and businesses.

The Trump trade war has blown past the realm of tariffs. The White House plans to hit back at any measure undertaken by trading partners that it believes disadvantages U.S. exporters. Why it matters: The Trump administration is ushering in a new era in which trade policy is managed country by country,

I’ve decided for purposes of fairness that I will charge a reciprocal tariff,” Trump said in the Oval Office at the proclamation signing. “It’s fair to all. No other country can complain.”