Ford is warning its dealers that tariffs will likely raise prices in the coming months, the latest impact the import taxes will have on Americans’ finances.

Ford Motor may raise prices on its new vehicles if U.S. President Donald Trump's auto tariffs continue, according to a memo sent to dealers on Wednesday that was reviewed by Reuters. The Dearborn, Michigan,

Among the countries and businesses with the most at stake in the trade war unleashed by US President Donald Trump are those that supply Americans with their clothing and shoes.

China-founded e-commerce sites Temu and Shein say they plan to raise prices for U.S. customers starting next week, a ripple effect from President Donald Trump's attempts to correct the trade imbalance between the world's two largest economies by imposing a sky-high tariff on goods shipped from China.

Small business owners worry that mounting economic uncertainty, driven largely by President Trump's shifting tariff policies, could shut their doors for good. Beth Benike, cofounder of Busy Baby, told CBS MoneyWatch that a lack of clarity on the direction of U.S. tariffs poses serious problems for the Oronoco, Minnesota-based retailer.

On social media, entrepreneurs are expressing confusion and concern about what import duties mean for their supply chains.

Co-founder and CEO of Lafayette 148, Deirdre Quinn, joins Morning Joe to discuss how the president's tariffs are impacting her business and why she is asking the president to reconsider them.

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,

Gov. Gavin Newsom on Wednesday announced a lawsuit alleging that President Trump lacks the authority to enact the international tariffs without the support of Congress.