Trump has threatened still more tariffs, proposing 25% on goods from Mexico and Canada, an additional 10% on China and 25% on Colombia after that country initially refused deportation flights from the U.

President Donald Trump is widely expected to impose tariffs on goods from Mexico and Canada as early as February 1. But with much about the specifics still unknown, economists, business owners and everyday consumers are still trying to understand how it could impact them.

President Donald Trump's plan for international tariffs could have impacts on national interest rates. The Federal Reserve is keeping a close eye on inflation as Trump considers new tariffs on Mexico and Canada.