The president-elect’s market-friendly appointments to Treasury and other agencies brought relief to investors. The trade threat suggests that might be premature.

Economists say the tariffs would act like a tax on American consumers, raising prices on any number of products. "We typically think as a rule of thumb that about 75% of the tariff will be passed onto consumers,

President-elect Donald Trump on Tuesday tapped Kevin Hassett, who was a key economic adviser in his first term, to chair his National Economic Council, which helps set domestic and international economic policy.

President-elect Donald Trump said he has picked Jamieson Greer to be U.S. trade representative, a day after he announced plans to impose 25% tariffs on all imports from Mexico and Canada and an additional 10% on goods from China.