Canada and the EU launch billions in new tariffs on American goods from beef to bourbon in retaliation against TrumpLorne Cook, David McHugh, Rob Gillies, The Associated Press

Companies will either take the losses and earn fewer profits, or, more likely, pass costs along to consumers in the form of higher prices. Read More Companies will either take the losses and earn fewer profits, or, more likely, pass costs along to consumers in the form of higher prices.