A Republican president-elect pledges support for expansive tariffs as a means of protecting U.S. businesses and hamstringing global competitors. That description may conjure up former President Donald Trump,

President-elect Trump has promised to impose 25% tariffs on all goods imported from Canada and Mexico, and tariffs as high as 60% on goods coming from China on day one of his new administration. What will these protectionist policies accomplish?

President-elect Donald Trump has vowed to impose import tariffs on products entering the United States from Mexico, Canada and China, starting on his first day in office.

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.

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?

President-elect Donald Trump has upped his tariff threats, and some nations have already adjusted their strategies in response. The Trump team is still working on a deal with Mexico’s president to end the 25 percent tariff threat on Canadian and Mexican goods but the lack of progress has caused concern for some American business owners.