Mere talk of tariffs will spur some consumers to run out and buy big-ticket items, or stockpile smaller ones, on the theory that prices will soon rise. That behavior, alone, could make prices increase . If Trump announces tariffs on his first day in office, as he has suggested, some prices could spike immediately.

Donald Trump's tariff plan would affect products from Canada, Mexico, and China. Here's what to know about tariffs, who pays them, and how they work.

President-elect Trump has put the country’s top three trading partners on notice less than two months before he takes office. The former president threatened Monday to impose steep 25 percent tariffs on all goods from Canada and Mexico — two key U.

As President-elect Donald Trump threatens to impose tariffs on goods imported from China, Canada and Mexico, economists and business owners sound off on the issue.