Economists almost universally agree that the tariffs imposed by President Trump will cost the average American household hundreds, if not thousands, of dollars every year in higher goods costs. Why it matters: It's not yet clear those households can,

Here's what the Trump tariffs could mean for you and your family

Donald Trump's tariffs on imports from Canada and Mexico will come into effect on Tuesday - but could Ireland be next?

Already Canada’s administration has announced new tariffs on many US goods including beer, wine, bourbon, fruits, clothing, and household appliances. They will come into effect Tuesday and non-tariff measures could follow. Mexico will announce its plans today.

U.S. President Donald Trump said on Sunday that although Britain was "out of line" when it came to trade he thought it may be able to avoid tariffs, adding of the imbalance: "I think that one can be worked out".

Just about everyone thought it was a bluff. Top analysts from the biggest banks on Wall Street said it was highly unlikely. Stocks were trading like it wouldn’t happen. Some companies built contingency plans but they weren’t exactly rushing to make changes.

President Donald Trump is using a trio of executive orders to throw the world economy and his own goal of cutting inflation into turmoil

Experts warned that tariffs could increase construction costs and lead to higher mortgage rates, further eroding affordability in the U.S. housing market.