From breweries to farms, businesses are bracing for higher costs as well as product and supply chain disruptions — and the hits could affect what consumers pay.

Depending on who you ask, tariffs deployed by President Donald Trump are either a response to unfair trade from neighboring countries or a tax increase on working families. Monday, Trump said the tariffs that went into effect Tuesday morning were meant to address the ongoing fentanyl crisis and the deadly drugs that are still flowing across the southern and northern U.

The governor’s $55.2 billion budget is based on the December S&P Global forecast that projected stable economic growth and considered some of Trump’s top economic policies, including tariffs and tax cut extensions, would be implemented, Sturm said.

Trump put 25% tariffs on goods from Canada and Mexico on Tuesday. Markets tanked. And by Thursday, he had decided to broadly lift them.

China and Canada hit back swiftly after Trump's sweeping trade tariffs took effect at midnight U.S. time Tuesday, escalating fears of a global trade war. International markets, meanwhile, continued to slide amid growing uncertainty.

WASHINGTON In a speech on the Senate floor today, U.S. Senate Democratic Whip Dick Durbin (D-IL) spoke out against President Trump’s tariffs on Mexico