The incoming president has floated numerous tariff plans. Retailers say their livelihood could depend on which ultimately come to fruition.

Trump has pledged tariffs of 10% on global imports, 60% on Chinese goods and a 25% import surcharge on Canadian and Mexican products, duties that may upend trade flows, raise costs and draw retaliation.

Donald Trump is promising to put import taxes back at the center of US economic policy during his second term as US president. The country heavily taxed imports for much of its history before largely abandoning the policy,

President-elect Donald Trump has said his tariffs will raise revenues, boost U.S. jobs, and help stop the drug trade. But some of these goals are at odds with the others.

Countries and businesses around the world will be watching to see just how quickly President-elect Donald Trump imposes new tariffs and just how steep they may be. News Hour special correspondent and Washington Post columnist Catherine Rampell reports on how some companies are already preparing.