Trump takes office January 20, and has threatened to quickly hit products from Canada and Mexico with 25% tariffs unless they take decisive action to curb migration and drugs. Economists and political leaders are warning that such tariffs could send consumer prices in this country soaring..

Many companies are rushing to stock up and insulate themselves from likely higher import duties under Donald Trump's second presidency.

Nearly 80 percent of U.S. toys are manufactured in China, one of the countries the president-elect has threatened to target with immediate charges on imports

President-elect Donald Trump is vowing to slap heavy tariffs on all foreign-made goods once he reassumes the presidency next year, and some retailers are warning that could be bad news for children who are expecting their favorite toys next Christmas.