Republicans Say Americans Are Willing to Suffer Higher Prices for Trump

Republican lawmakers are saying that Americans are willing to endure higher prices as a trade-off for Donald Trump's policies, despite growing concerns over inflation.

It comes after Trump said his threatened tariffs on China, Mexico and Canada will go into effect from today, in a move that could lead to a rise in inflation. Goldman Sachs previously estimated these tariffs could increase inflation by 1 percent while squeezing U.S. company profits and risking retaliatory measures from other nations.