From reciprocal tariffs to a focus on Mexico and Canada, here’s the latest on Trump’s economic plan and how it will impact prices for American consumers.

tia.yang ( Tia Yang, senior editor): Americans overall are fairly split over tariffs. Broadly speaking, polls this year have shown that increased or new tariffs are slightly unpopular among the public. At least two-thirds of Republicans tend to support them, while a larger share of Democrats consistently oppose them.

Following days of anticipation, President Donald Trump announced plans Thursday to raise tariffs to match taxes that trading partners charge for Americans.