U.S. President Donald Trump’s tariffs are here. Inflation, seemingly stuck, might find it more difficult to recede, and markets could face an uphill climb.

President Donald Trump said there will be “pain” in making America “great again” when he defended his decision to impose tariffs on imports from Canada, Mexico and China in a Truth Social post on Sunday.

Shares in Asian manufacturers tumbled on concern that tariffs will hurt trade in North America and disrupt global supply chains.

Here are some things to know about Trump’s actions, the counters from U.S. trading partners and what it means for American consumers.

Follow the latest news on the tariffs and other Trump administration moves. Leaders for Canada, Mexico, and China, including Justin Trudeau, respond after President Donald Trump imposes tariffs.

President Donald Trump said the sweeping tariffs that he has imposed on Mexico, Canada and China may cause "short term" pain for Americans as global markets reflected concerns the levies could undermine growth and reignite inflation.

Global markets buckled up for a turbulent session Monday after Trump launched a trade war with sweeping tariffs on Canada, Mexico, and China.

Tariffs on goods imported from the U.S.'s three largest trade partners could upend industries from autos to consumer goods to energy. Executives have been able to deflect question