In light of recent political actions by US President Donald Trump, we break down what tariffs are, how they work, and why they matter. From their impact on global trade to how they affect prices of goods, we simplify the complexities of tariffs and explore their role in shaping the world economy.

Image Credit: Shutterstock

Produced by: Sneha Harikannan, Sharaad Kuttan

Presented by: Sharaad Kuttan

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Categories:  markets,  economy,  politics,  government,  international,  controversies,  Law/Activism,  education,  investments,  financial wellness

Tags:  american economy,  tariffs,  donald trump,  global recession,  great depression,  taxes,  global trade,  negotiation tactic,  bargaining power,  us-china,  trade war,  free market,