Good morning and Happy Friday! This is Betty Lin-Fisher with Friday's consumer-focused edition of The Daily Money.

President-elect Donald Trump doesn't take office until Jan. 20, but his proposed tariffs, and the effects they could have on U.S. retailers and ultimately consumers, are all the buzz.At an event in early December with major U.S. retailers, "we exclusively talked about this topic of tariffs," Balika Sonthalia of global strategy and management consultancy firm Kearney, told me for a USA TODAY story.

Trump implemented some tariffs during his first term in office, but these proposed tariffs are different, several experts in the retail sector told me.Ultimately, consumers will pay the price for these tariffs, they said.

How high could prices go, and what categories would be affected?

Winter storm in Southeast causes flight cancellations

A winter storm bringing a mix of snow and ice to the Southeast is snarling air travel this morning. More than 2,000 U.S. flights have been canceled and more than 1,100 others have been delayed as of 9 a.m., according to the flight-tracking website FlightAware.

My colleague Eve Chen offers the latest information on what airlines are offering waivers and what you are entitled to if your flight is canceled.

📰 Consumer stories you shouldn't miss 📰

• Is a fingerprint scan for credit card payments in the future? CNET offers the latest information.
• What's the latest on the potential TikTok ban? Follow our live coverage.
• Stocks are falling on good economic news. We can explain.
• California already had a home insurance crisis before the fires. It's only going to get worse.
• Here's how compounding helps build retirement wealth.

📰 A great read 📰

Finally, here's a popular story from last year that you may have missed. Feel free to share it.

Is Hello Kitty a cat or a little girl? The "revelation" during a 50th anniversary left some fans confused and in denial.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.