Trump Confirms Tariff Pause After Talks With Canada and Mexico

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In a surprising move, US President Donald Trump has confirmed a 30-day pause on tariffs for Mexico and Canada. This decision comes after talks with the leaders of both countries, who have agreed to stricter border measures to combat the illegal drug trade. But tensions with the EU are on the rise as Trump threatens tariffs, sparking fears of a trade war. Here's what you need to know:

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What's the deal with Trump's tariffs? Here's the lowdown.
What's a tariff?** It's a tax on imports, or foreign goods.
Who pays?** US companies that import goods from abroad.
Why is Trump imposing tariffs?** He's got three main reasons: immigration, drugs, and subsidies for Canada and Mexico.
Will this start a trade war?** It could, if the EU, China, and others retaliate with their own tariffs.
Who wins, who loses?** Ultimately, it's the consumer who loses out from tariffs because they will almost certainly feel the impact through price increases.