President-elect Trump has promised to impose 25% tariffs on all goods imported from Canada and Mexico, and tariffs as high as 60% on goods coming from China on day one of his new administration. What will these protectionist policies accomplish?

Trump's proposed tariffs on imports from Canada, Mexico, and China could increase prices on many US household items and might be better to purchase now to save.

President-elect Donald Trump has vowed to impose import tariffs on products entering the United States from Mexico, Canada and China, starting on his first day in office.