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

One of the justifications Trump has given for imposing tariffs on countries is they have a trade surplus with the US - in other words they sell more to the US than they import from America. He has claimed these trade surpluses amount to "massive subsidies that we're giving to Canada and to Mexico".

U.S. President Donald Trump said trade tariffs would be imposed on the European Union and U.K., but he signaled that a deal could be worked out with Britain.

BBC Verify's Ben Chu explains the US President's aims, and what it could mean for the UK. Read more

Real Madrid first club to generate 1 billion euros revenue in a season, Deloitte says Is Meloni Europe's new 'Trump whisperer'? US says will levy tariffs on Mexico, Canada and China on Feb. 1

As Donald Trump proposes tariffs on the EU, and refuses to rule out the same for the UK, Yahoo News looks at how this could affect British shoppers.

Prime Minister Justin Trudeau announced that the federal government would hit back against the U.S. after President Donald Trump launched a trade war against Canada. Starting Tuesday, the U.S. is imposing 25 per cent tariffs on most Canadian goods and 10 per cent on energy products in particular.