Dr. Albert Williams, an economist and Nova Southeastern University professor, joined CBS News Miami to explain what President Trump's tariffs could affect you and your bottom line.

The president has launched a trade war seeking to quell the flow of illegal immigrants and the illegal trafficking of drugs and rebalance trade.

Robert Gewanter has been running M&M Liquors in Hialeah for decades. “It’s just a misconception that it’s just gonna be 25%,” Gewanter said, standing in front of his tequila display. He said the Trump tariffs will force him to raise the price of the popular spirit from Mexico.

The next time you shop at a big-box store like Sam's Club or Target, you may notice prices creeping higher. Across South Florida, businesses are already feeling the strain, and for small retailers like Discount Health Foods,