The poll also found 58% oppose and 42% favor Trump’s new tariffs on imported goods, but 51% like his goals for the tariffs—to return manufacturing jobs to the U.S. and decrease the import/export margins between the U.S. and its trading partners, he has said—though 63% dislike his approach for achieving those goals.

The U.S.'s latest tariff hike on Chinese imports is a response to these actions. "China now faces up to a 245% tariff on imports to the United States as a result of its retaliator

Trump imposed 10% tariffs on goods from all countries and higher tariffs for countries the administration says have high barriers to U.S. imports, most of which he later paused for 90 days. He also imposed a 145% tariff on China,

Coffee prices are expected to rise as a 10% tariff universal tariff on products imported to the U.S. went into effect on April 5. The added tariff hits at a time when prices of raw whole beans from major coffee-producing countries like Brazil and Vietnam are up due to climate conditions.

Ford Motor Co. is preparing to raise prices on cars rolling off assembly lines starting next month if President Donald Trump doesn’t deliver on the tariff relief he’s hinted at for automakers.

Ford Motor may raise prices of its new vehicles in May if U.S. President Donald Trump's auto tariffs are not eased, Automotive News reported on Wednesday, citing a memo to dealers. Both U.S. and foreign automakers have rushed to alleviate consumer concerns about tariffs inflating costs at dealerships by offering price assurances and substantial discounts.

CNBC Senior Economics Reporter Steve Liesman joins Nicolle Wallace to discuss the market's reaction to new comments on Donald Trump's tariffs from Federal Reserve Chair Jerome Powell, primarily that they will put the Fed in a difficult situation in their effort to fight inflation and grow the economy.

US President Donald Trump's tariffs will likely push up prices and constrain growth, and could put the Federal Reserve in the unenviable position of having to choose between tackling inflation and unemployment,