In this article

In this article

How do tariffs work?

Why does Trump want to impose tariffs?

Who pays for tariffs on imports?

How long could it take for prices to rise?

In this article By Shannon Najmabadi

Sweeping and long-awaited tariffs took effect after midnight Thursday, raising import taxes on merchandise from dozens of countries as part of President Donald Trump’s efforts to overhaul global trade.

Full agreements have yet to be reached with the U.S.'s three largest trading partners, Canada, China and Mexico; some Canadian imports have been subject to a 35 percent tariff since early August.

The tariffs have changed numerous times since they were announced in April, as foreign leaders negotiate and try to secure exemptions. Trump on Wednesday raised the tariff rate on India t

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