Hello, and welcome to Trump's Tariffs Explained with me, Ben Brown, here in London.

And me, Sumisomisandah here in Washington.

We're going to be asking and hopefully answering some of the key questions about the Trump

tariff roller coaster of the last few days.

Yeah, why, for example, did he impose them with such flourish last week only to then

put them on pause just a few

hours after they actually came into effect? Was it a retreat forced on President Trump by the

turmoil that we've seen, especially in the crucial bond markets? Or was it his strategy all

along, as the White House has been suggesting, successfully driving dozens of countries to the

negotiating table. And there may have been a rollback on American tariffs for the rest of the world,

but why has Donald Trump doubled down on China with even steeper tariffs? In fact, the White

House confirming today that the tariff rate for China is now 145 percent, a staggering number. So are we now witnessing an all-out

trade war that is escalating at dizzying speed between the two biggest economies in the world,

China and America? And if we are, which of them will blink first? So key questions to ask there.

With President Trump changing up tariffs over the last few days,

let's take stock bend of where we are right now. That would be helpful, wouldn't it? The highest

U.S. tariffs in a century have now been put on pause for three months, rollback to a base of 10% for most

of the countries in the world, except China, which now, as we just mentioned, has that

145 percent tariff on the products it sells in the United States. While in return, China

has put tariffs of 84 percent on products coming in from America. By the way, the original higher

tariffs of 25 percent on Mexico and Canada, we understand at this point, still stand.

Also, tariffs of 25% are still in place on all aluminum and steel imported to the United States.

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