President Donald Trump's broad tariffs on imported goods from Mexico and Canada went into effect on Tuesday, along with increased duties on goods from China.

President Donald Trump’s 25% tariffs on goods from Mexico and Canada, plus an additional 10% tariff on Chinese imports, started just after midnight Tuesday—potentially leading to price hikes on a range of imported goods, from food and alcohol to cars and prompting Canada and China to announce retaliatory tariffs.

President Donald Trump’s long-threatened tariffs against Canada and Mexico went into effect Tuesday, putting global markets on edge and setting up costly retaliations by the United States’ North American allies.