BBC:
Donald Trump has delivered a profound shock to the global trading system since returning to the White House.
On 7 August, his sweeping new tariffs – taxes on imports – on more than 90 countries came into effect.
They range from 10% on the UK to 41% on Syria and India is facing a 50% tariff rate.
They take America’s average effective tariff on the outside world to its highest level in almost a century.
Specific commodities and goods, including automobiles and steel, have also been targeted with significant tariffs by Washington.
The tariffs themselves are ultimately paid by the US companies that bring goods into the country from abroad and their impact is being felt in America and the global economy in different ways.
