After emerging victorious in the 2024 US presidential election, Donald Trump is set to return to the White House as the 47th President of the United States. One of the key policies he ran on was raising tariffs on imports, including a proposed 60% tariff on all Chinese imports and a 10 to 20% tariff on all other imports to the US.

Yahoo Finance special reporter Akiko Fujita analyzes the potential impact these proposed tariff policies could have on inflation, the broader US economy, and Americans' wallets as prices are poised to rise under this tariff regime.

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This post was written by Angel Smith