Two weeks into his second term, President Donald Trump has launched the United States into a new trade war. He announced steep new tariffs on imports from Canada, Mexico and China — the three largest U.

Here’s why Trump’s opening tariff salvo will likely hurt U.S. consumers. If U.S. voters reelected Donald Trump hoping for relief from higher prices, his recent threats to impose tariffs on America’s three largest trade partners might make them think again.

Trump's trade policies suggest more duties are on the horizon, and Wall Street's no longer sure of when the risks will end.