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We are witnessing a trade war - and although some of the toughest measures are on hold, tariffs on the UK remain unchanged.
You will have seen stock markets crashing around the world following Donald Trump's 'Liberation Day' - where he announced a host of new tariffs around the world. Fluctuations in the market are nothing new but seeing them happen on a large scale has historically had consequences for us all- even for those who are not big investors.
Initial movements following the US President's announcements wiped billions of pounds off the world's biggest markets.
For those who keep money in stocks and shares, volatile movements can be unnerving.
But what exactly does this mean, and how might the economic consequences of tariffs impact you and your household?
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