What are tariffs? How Trump's tariff plan will work, who pays them, and how they could affect prices

What are tariffs? How Trump's tariff plan will work, who pays them, and how they could affect prices

Jacquelyn Martin/AP Photo

Tariffs are back in the spotlight after President-elect Donald Trump pledged to impose 25% tariffs on Mexico and Canada, and an additional 10% duty on goods from China, unless those countries stop the flow of illegal immigrants and narcotics into the US.

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