With prices still high, the Trump administration is heeding the risks of fanning inflation with import duties.

Canada and China have hit back at President Trump’s new tariffs with parts of Canada removing American alcohol products from their shelves. Markets on Wall Street fell flat after an uncertain week. Former Chairman of the Council of Economic Advisers Jared Bernstein discusses Trump’s tariff back-and-forth and why businesses are asking for reprieve from the White House.

President Donald Trump is once again postponing aggressive new tariffs that went into effect on March 4. Trump, however, isn't canceling the tariffs — only delaying them — and in April, new 25% tariffs on goods imported into the United States from Canada and Mexico are scheduled to go back into effect.