Experts believe Trump would struggle to replace tax revenue with income from tariffs, as the president has recently suggested.

Upon returning to office, U.S. President Donald Trump has launched numerous tariff threats. They range from broad ones - a universal tariff on foreign-imported goods - to ones aimed at specific sectors,

It’s likely U.S. shoppers would see prices rise for a wide range of items, including food, gas, clothing, consumer electronics, jewelry, cosmetics, new cars and homes and good made by U.S. manufacturers using imported raw materials and equipment.