Taxes on imports could soon go up, as President Donald Trump signed a measure to have tariff rates match what other countries charge. “We had a very unfair system to us,” Trump said in the Oval Office.

Trump spoke to reporters from the Oval Office about his decision, saying it was an “amazing day.” When asked if prices would rise as a result of the tariffs, he said that they “could go up somewhat” at first, but then “prices will also go down.”

Trump's new tariffs could drive up prices, impact jobs, and shift global trade. Explore the economic effects and what’s at stake for consumers and businesses.