Latest in a slew of Trump tariffs - a 25% tariff on all steel and aluminum imports into the United States with no exceptions or exemptions.

This comes just after the US introduced 10% tariffs on goods from China, which has hit back by announcing similar charges on some US products.

Meanwhile, Trump has hit the pause button - for now, at least - on imposing tariffs against imports from US neighbours Canada and Mexico. EU goods could also face tariffs "pretty soon". 

What effects could these tariffs have on prices of goods? On this episode of Morning Shot, Sumit Agarwal, Professor of Finance, Economics and Real Estate, NUS Business School shares his insights.

Presented by: Emaad Akhtar & Audrey Siek
Produced by: Yeo Kai Ting (ykaiting@sph.com.sg)
Photo credits: Drago / Bloomberg / Getty Images