Tit-for-tat trade policies may seem appealing, but they’ll lead to higher prices on everything from coffee and tea to bananas, with very little upside. For obvious reasons, most of the attention that’s been paid to President Donald Trump’s various tariff schemes has focused on the across-the-board tariffs he’s imposed on our biggest trading partners,

What are tariffs? Are they good or bad? Here's what to know about Trump's reciprocal tariffs and what they mean.

They have upended diplomatic relations with America’s largest trading partners, sent markets tumbling and provoked retaliations on U.S. products.