INFO:

President Trump’s global tariffs - the most significant escalation America has imposed in a century — are having ripple effects across the global economy. Although reciprocal tariffs have been paused until July, China is exempt from this and is in a trade war with the US. Recently, the two countries came to an agreement to slash tariffs significantly on each other’s imports. 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.