Tariffs are among the defining policies of President Donald Trump’s second term. CNN is tracking their impact on the US economy and American consumers.

The approach favoured by Mr Trump is for firms to start making things in America. Even if this happened at scale, which will not happen until the his tariff policy becomes predictable enough for businesses to make investment decisions, it would mean America needs less stuff from abroad—and generate less in tariffs.

When is the Supreme Court ruling on the legality of President Donald Trump's tariffs? Here's the latest SCOTUS updates on the case.

Smartphones sit at the center of Trump’s tariff story because they combine high prices, frequent upgrades and heavy reliance on Chinese production. CTA’s report estimates, highlighted by Variety, suggested tariffs could push average smartphone prices about 31% higher than they otherwise would be.

Sometimes there are real calculations behind its tariff rates. But those calculations don’t make sense to economists.

President Trump bragged Friday that his tariff blitz has “created an American economic miracle,” while blasting Democrats for handing him a “catastrophically” high budget deficit. Trump shared his assessment of the economy in a Wall Street Journal op-ed,

“The reason we’re even talking about it is that we have so much money coming in from tariffs that we’ll be able to issue at least a $2,000 dividend and also pay down debt for the country,” he said, adding that the administration would likely set an income limit for those who qualify.

In response to Trump's tariffs, China's use of other Asian manufacturing markets and forced labor is adding trillions into Chinese GDP.

President Trump floated $2,000 tariff dividend checks last fall. Now people are getting scam emails. What to know about the payments, when they might come.