Major U.S. retailers that make up many go-to shopping destinations are sharing the impacts of President Donald Trump's elevated import tariffs. Big name brands like Target, Home Depot, Mattel, Best Buy and others are releasing their quarterly earnings reports along with some warning that prices may be going up because of tariff hikes.

High-end medical devices, including those made in the United States, may be especially vulnerable to tariffs because they’re built with parts from around the world.

President Donald Trump is threatening a 50% tax on all imports from the European Union as well as a 25% tariff on smartphones unless the products are made in America.

Returning U.S. manufacturing employment to a level that remotely resembles its historical peak will be an uphill battle,” the bank said this week.

President Donald Trump spoke with Russian President Vladimir Putin about ending the war in Ukraine, hosted the president of South Africa at the White House and threatened more stringent tariffs against the European Union this week.

Since taking office, Mr. Trump has raced to enact his economic vision, aiming to pair generous tax cuts with sweeping deregulation that he says will expand America’s economy. He has fashioned his steep, worldwide tariffs as a political cudgel that will raise money, encourage more domestic manufacturing and improve U.S. trade relationships.

According to JPMorgan, U.S. President Donald Trump is trying to achieve conflicting objectives with his tariff policy by trying to keep the door open for negotiations while also expecting higher revenue and a change to world trading structure.

While tariff-fueled inflation has yet to show up broadly in the economy, it could be driving a noticeable uptick in the cost of furniture and other household furnishings.