As most Democrats slam Trump’s tariffs, Rep. Jared Golden (D-Maine) is defending the president-elect in Congress.

Trump's biggest first-term trade impact was to shatter decades of political consensus favoring ever-lower trade barriers.

As “day 1” of the new Trump administration approaches, one of its highest policy priorities could have a profound impact on consumers’ wallets. Based on what’s known so far about

President-elect Trump said Tuesday he wanted to create an “External Revenue Service” to collect tariffs and other revenue from foreign countries, comparing it to the Internal Revenue Service (IRS), which collects taxes from Americans.

Should President-elect Donald Trump follow through on his promise to impose a new 25% tariff on goods imported from Canada, the United States' northern neighbor has vowed to retaliate in a trade war that could prove costly for American consumers.