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What are tariffs, Trump's favorite economic tool? AP Explains

President Donald Trump’s favorite economic tool is the tariff. In his first day in office, he said he planned to slap a 25% tariff on imports from Canada and Mexico -- and more are probably coming. 
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Source name: 
The Associated Press
Unique identifier: CP173874510 
Legacy Identifier: 44addee2d7e947158ca817f2c340234b 
Type: Video 
Duration: 1m59s 
Dimensions: 1920px × 1080px     146.30 MB 
Usage rights: Digital platform use only. Broadcast rights and editing of content prohibited. 
Create Date: 1/22/2025 7:56:32 PM 
Display aspect ratio: 16:9