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Confused about Trump’s tit-for-tat tariffs? Here’s a simple analogy

President Trump’s global tariffs - the most significant escalation America has imposed in a century — is having ripple effects across the global economy. Trump has paused his so-called “reciprocal tariffs” on the US’ trading partners until July. He has dramatically raised, and then slashed, tariffs on China and raised — and promptly delayed — punishingly high tariffs on the European Union. A lot has happened over the last few months, and trade wars can be complicated to understand. To make things easier, CNN Business Reporter Anna Cooban explains with a very simple analogy.

02:08 - Source: CNN
Latest from CNN Business 16 videos
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Confused about Trump’s tit-for-tat tariffs? Here’s a simple analogy
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