How Trump's Tariffs Will Affect Your Wallet

Tariffs would increase the prices of electronics and appliances for American consumers.

Welcome to the trade war. Since President Trump's initial announcement of tariffs on steel and aluminum imports last…

To understand how tariffs will affect your wallet, you first have to understand what a tariff is. A tariff is a tax on goods that come into a country. The idea is to apply a tax to foreign-made products in order to make American-made products cheaper in comparison.