From everyday essentials to luxuries and major purchases, tariffs could have wide-ranging effects on consumer prices.

One of Trump's most notable policies is his tariff plans. Although the fine details have not been announced, president-elect Trump has floated various ideas, such as a 60% tariff on goods from

The threat of tariffs on rooftop solar components will lead to price increases for consumers, but likely won't slow overall adoption.

President-elect Donald Trump has said his tariffs will raise revenues, boost U.S. jobs, and help stop the drug trade. But some of these goals are at odds with the others.