Countries are scrambling to respond to President Trump's tariffs, as U.S. businesses and consumers prepare to face higher costs. The Yale Budget Lab estimates households may pay $2,400 more annually. -- Subscribe to ABC News on YouTube: https://abcnews.visitlink.me/59aJ1G ABC News is your daily source of breaking national and world news, exclusive interviews and 24/7 live streaming coverage. Download the ABC News app for the latest headlines and alerts: https://abcnews.go.com/devices Watch 24/7