Tariffs are a tax that American companies pay to the U.S. government when importing goods. To make up their bigger tax bill, those companies tend to hike prices.

To learn more, “Marketplace Morning Report” host David Brancaccio spoke with Zanny Minton Beddoes, editor-in-chief of The Economist magazine.

Corn and soybean farmer April Hemmes is preparing for new tariffs from a second Trump administration.

Here’s what tariffs on goods from China and elsewhere have already meant for businesses and consumers since his first term.

In recent years, Mexico has become a key outpost for Chinese firms looking to expand their manufacturing centers closer to the American markets.

Compared to many other countries, the U.S. trade-to-GDP ratio is below the global average. But the explanation is complicated.

“Even though our business is good, we’re not seeing any growth,” said Austin Golding, CEO of Golding Barge Lines in Mississippi.

But there’s no shortage of issues to discuss between the world’s two largest economies.

“The stakes are so high” when it comes to making the U.S. a leader in this key technology, says Gina Raimondo.

Some say U.K. membership of the Trans-Pacific Partnership will make up for any trade lost with the European Union after Brexit. But others have their doubts.