Trump has made clear he will use tariffs — many of which he can enact without Congress’ approval — to an unprecedented degree as a bludgeon against allies and rivals alike to achieve domestic and foreign policy goals. Rising inflation as tariffs result in higher prices on imports such as cars, electronics, food, and clothing.

President-elect Donald Trump railed on social media over the weekend against a group of emerging economies for their attempts to circumvent the dollar. While markets mostly took Trump's words in stride,

Donald Trump’s threat to hit Mexico with tariffs could raise prices on a surprising number of foods and drinks Americans love — from beer to berries to broccoli.

The Philippines widened its projected growth range for next year, citing uncertainties over US President-elect Donald Trump’s trade policy that could mean “high tariffs everywhere.”

The president-elect’s threat to hit Canada, Mexico and China with new tariffs is already rocking business and diplomatic relationships and could topple the trade pacts he signed in his first term.

The companies are urging the president-elect to reimpose duties on steel from the U.K., the EU and Japan, accusing foreign rivals of unfair market practices.

Columbia Business School economics professor Brett House joins ABC News to discuss the potential impacts of the president-elect's proposed tariffs on consumers and industries reliant on global trade.

What are the odds the U.S. will impose high tariffs on its two largest trading partners, whose supply chains are integrated with U.S. companies as part of a free-trade zone?

The promise of new tariffs on America’s neighbors from President-elect Donald Trump has world leaders and businesses trying to predict the potential fallout.

Re “Trump’s sharp tariff hikes could speed up China’s shift to new markets and offshore factories” (Nov. 26): The president-elect’s plan to impose tariffs on imports from Mexico