Trump's tariffs on small imports to go into effect Friday, will raise cost of goods

UNITED STATES - Small imports will soon cost more, as President Trump signed an executive order terminating an exception for imports costing less than $800.

All shipments will be subject to an additional tax, which may vary between 10% and 50% of the product's original value.

More than a dozen countries including Australia, Germany, the United Kingdom and France announced that they will pause all shipments to the U.S. in response.