Jim Farley discusses the difficulties of tariffs in imported parts, which have cost Ford $2 billion – and may give an advantage to their competitors. He also explains why he drives a Chinese-made electric vehicle.

Yahoo Finance is chronicling the latest news and updates on President Trump's plans to impose tariffs on goods from other countries.

ABOARD AIR FORCE ONE (AP) — President Donald Trump said on Saturday that he plans to hike tariffs on imports of Canadian goods by an extra 10% because of an anti-tariff television ad aired by the province of Ontario.

President Donald Trump and Chinese Premier Xi Jinping are expected to reach a deal to avert 100% tariffs on China, Treasury Secretary Scott Bessent said following talks with China’s top trade negotiat

Trump announced the increased tariffs on Oct. 25, referencing an anti-tariff ad aired by Ontario's government featuring a video of Ronald Reagan.

Trump’s trade policies have centered around ‘reciprocal’ tariffs on an array of other countries. The president pushed forward a 35 percent tariff on many imports from Canada, although goods under the United States-Mexico-Canada Agreement have largely been excluded.

President Donald Trump canceled trade talks with Canada on Thursday, citing a recent ad released by the government of Canada’s Ontario province that quoted former President Ronald Reagan’s 1987 radio address to the nation on fair trade.

The president has frequently spoken about the potentially drastic consequences if the Supreme Court strikes down his sweeping tariffs, a view contested by his opponents.

It’s getting more expensive for Americans to get their caffeine fix. U.S. government figures show the average price of a pound of ground coffee hit $9.14 in September, a 41% increase from the same month a year earlier.

Scott Bessent was confronted, Sunday, about the idea that President Donald Trump increased tariffs on Canada because of a TV ad he didn't like.