Trump's tariffs threatens world economy

Donald Trump has increased tariffs on a number of countries, which has angered many US allies, fuelling trade wars as a result.

US President Donald Trump has not held back his love for tariffs. As such he has increased tariffs on a number of countries, which has angered many US allies, fuelling trade wars as a result.

First, it’s helpful to explain how tariffs function before examining how Trump’s tariffs affect not only the global economy but also the US economy.