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The president-elect vowed to slap heavy tariffs on imports from some of the U.S.'s top trade partners. Here's how that could impact your spending.

Trump says he will sign an executive order imposing a 25% tariff on all goods coming from Mexico and Canada and a 10% tariff on those from China.

Put simply, tariffs are a tax on imports. Here's what Donald Trump did with them in his first term and how they impact the economy.