Donald Trump is using tariffs to achieve objectives typically associated with sanctions. But does the threat of rising US inflation and retaliation make sanctions a safer choice?

The levies, which are scheduled to take effect Aug. 1, would dramatically escalate U.S. tariff policy and threaten to hike prices for everyday goods ranging from coffee to shoes. Trump delayed the so-called "reciprocal tariffs" in April,

Reuters is tracking how companies are responding to the threat posed by U.S. President Donald Trump’s tariffs.