President Donald Trump on Jan. 31 said U.S. consumers would "understand" temporary disruptions caused by tariffs.

U.S. President Donald Trump on Friday acknowledged that tariff costs are sometimes passed along to consumers, and said his plans to impose tariffs may cause a short-term disruption. But the Republican president told reporters in the Oval Office that he was not concerned about the reaction of financial markets to his plans to impose tariffs on Feb.

Stocks surrendered early gains and closed lower after the White House said President Donald Trump would impose promised tariffs on some key U.S. trading partners