What tariffs has Trump announced and why?
10 minutes ago Share Save Jennifer Clarke BBC News Share Save
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President Donald Trump has introduced tariffs on goods reaching the US from countries around the world. Trump argues that the move will boost American manufacturing and create jobs, but critics warn of higher prices and damage to the global economy.
What are tariffs and how do they work?
Tariffs are taxes on imported goods. Typically, the charge is a percentage of a good's value. For example, a 10% tariff on a $10 product would mean a $1 tax on top - taking the total cost to $11 (£8.13). The tax is paid to the government by companies bringing in the foreign products. These firms may pass some or all of the extra cost on to their customers, which in this case means ordinary Americans and other US businesses. They may also decide to import fewer goods.
Why is Trump using tariffs?
Trump says tariffs will increase the amount of tax raised by the government, encourage consu
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