President Donald Trump has said that tariffs won’t lead to higher prices. But the United States economy seems to disagree: Inflation, which has remained fairly tame, is slowly creeping up because of tariffs.

Businesses that rely on goods imported from India are preparing for a 25% tariff to take effect as President Trump's trade war with once-strong trade partners continues.

After Canada failed to strike a trade deal with Washington, the president raised tariffs on some Canadian exports this week.