Decarbonizing your life will get more expensive as President Donald Trump imposes tariffs on the US’ top trading partners, spiking the cost of home heat pumps.

Major stock indexes fell in volatile trade on Tuesday, with the Nasdaq Composite index at one point down 10% from its December record high, while Treasury yields also seesawed as the United States hit Canada,

President Donald Trump and his economic team have offered various justifications for the tariffs the administration has begun to impose on trade partners. Trump has consistently advocated the use of tariffs as a tool of economic policy since at least the 1980s,

Saying tariffs is "a beautiful word," President Donald Trump appeared to double down on his tariffs against Canada and Mexico, as well as increased tariffs against China, that went into effect earlier Tuesday.