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What does Trump’s latest tariff plan mean for US consumers and the world?

Donald Trump isn't even president yet, and he may have touched off the start of a trade war. On Monday, Trump vowed sweeping new tariffs on Mexico, Canada, as well as China on day one, as part of his effort to crack down on illegal immigration and drugs. 
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Source name: 
The Associated Press
Unique identifier: CP173592599 
Legacy Identifier: c72e31b182cc460b96aee7dfeb52f662 
Type: Video 
Duration: 1m23s 
Dimensions: 1920px × 1080px     102.32 MB 
Usage rights: Digital platform use only. Broadcast rights and editing of content prohibited. 
Create Date: 11/26/2024 7:05:47 PM 
Display aspect ratio: 16:9