Trump's moves effectively launched new trade conflicts with the United States' top three trading partners and threatened to upend two-way annual trade worth nearly $2.2 trillion in 2024, according to data from the Office of the U.

Consumers are likely to face higher costs for some imported goods, experts say. Here's the potential impact on your wallet.

President Donald Trump's broad tariffs on imported goods from Mexico and Canada went into effect on Tuesday, along with increased duties on goods from China.