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.