President Trump brushed off concerns about stock market declines after his tariffs were announced. "America is going to be very rich again very soon," he said.

Where does the money collected from tariffs go? How soon will prices rise for consumers? What tariffs are other countries charging on U.S. goods?

U.S. Trade Representative Jamieson Greer told U.S. senators on Tuesday that President Donald Trump's administration will not change tactics on tariffs in the near term and warned that some pain for businesses will be necessary to bring home manufacturing jobs.