President Donald Trump's plan to impose tariffs on three of the nation's biggest trading partners Saturday could have sweeping impact across the world, and raise prices for American consumers. Trump will impose 25% tariffs on goods from Canada and Mexico,

Trump slapped 25% tariffs on Canadian and Mexican imports to pressure the countries to crack down on illegal immigration and fentanyl. They caved.

Trump on Saturday had directed that 25% tariffs on most imports from the two American partners — and 10% on Canadian energy products — go into effect at midnight Tuesday.