A tariff is a tax on imported goods that’s paid by the importing firm to its government. However, those costs often get passed down to consumers, resulting in higher prices for the affected products. Here’s Experian ’s guide to what you need to know about how tariffs work and how they may affect your wallet.

Executives at several companies that sell popular products have recently pointed to signs of wariness among shoppers.

Tariffs are already driving up prices on key goods such as electronics, home appliances, furniture, and auto parts, as import costs are passed down to cons

Data showing temperate consumer inflation in April does not necessarily reflect the impact of rising U.S. import tariffs, with the Federal Reserve still needing more data to discern the direction of prices and the economy,

Texas businesses are joined by global firms such as Adidas and Mattel, which have warned that American customers will face price hikes under tariffs.

Western New York grocery store chains are taking steps to inform consumers about the impact of new tariffs on everyday prices.