President Trump's tariffs imposed on Mexico, Canada and China are expected to impact American wallets. Daniel Tannebaum, a partner at Oliver Wyman's Risk and Public Policy Practice, joins CBS News with more on how the moves may impact the U.

On Saturday, the Trump administration said it would put in place 25% tariffs on Canada and Mexico and 10% tariffs on China, effective Tuesday. Early Monday, the administration said they are pausing plans for the 25% tariffs on Mexico for one month subject to more negotiations.

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U.S. President Donald Trump said on Sunday that although Britain was "out of line" when it came to trade he thought it may be able to avoid tariffs, adding of the imbalance: "I think that one can be worked out".

D: President Trump’s threat to impose new U.S. tariffs on imports from China, Mexico and Canada drove down stocks multiple sectors Monday, with shares of several media companies falling as investors grappled with America’s new trade wars.

The Trump administration’s proposed tariffs jolted global markets Monday, driving huge swings in stocks around the world and sending the dollar higher. President Trump’s weekend threat to place tariffs on goods imported from Mexico,

U.S. President Donald Trump warned on Monday he might increase tariffs on China beyond the 10% he imposed on Saturday and that "we will speak to China" probably over the next 24 hours. He described the tariffs he placed on Chinese imports as an "opening salvo" in his drive for more balance in the U.