A Darden School of Business expert says tariffs being levied against Canada and China will likely hike costs for U.S. consumers.

Are “tariffs” just another way to say “import taxes?” “What’s distinctive about tariffs is who pays them,” Robert Howse, a professor of international economic law at NYU, said in a call with Quartz. “The entity or person who is legally responsible for bringing that product into the country has to pay the tariff.

U.S. President Donald Trump said on Sunday that although Britain was "out of line" when it came to trade he thought it may be able to avoid tariffs, adding of the imbalance: "I think that one can be worked out".

President Trump has insisted that his new tariffs on America’s largest trading partners will not increase prices for Americans. But a review of how they work suggests that is not the case.