Trump positioned the tariffs as a way to “halt the flood of poisonous drugs into the United States,” referring to fentanyl. The change will have a big impact on the cost of a wide variety of goods imported from each country, including electronics, produce, clothing, and much more.

In a Q&A, Brown University Professor of Economics Şebnem Kalemli-Özcan discussed how the new presidential administration’s planned tariffs could potentially impact the U.S. economy.