Will tariffs make the US money? And could Canada join the EU? - BBC News

Summary

Why is Donald Trump imposing tariffs? How will they impact the US and global economy? And what is a tariff, anyway? BBC correspondents around the world have answered your questions
To start, here's a brief reminder of what tariffs have been imposed, why they have been imposed, and - the crucial question - what a tariff actually is
In Beijing, Laura Bicker answers whether Shein and Temu parcels could cost more - while Natalie Sherman in New York looks at whether tariffs will be a money-spinner for the US
Nick Beake in Brussels considers whether Canada joining the EU is as far-fetched as it sounds, while Simon Jack looks at whether the UK could benefit from Trump's tariffs
Meanwhile, Nikhil Inamdar in Mumbai examines whether tariffs have hit the Indian stock market - while Dharshini David is asked if ordinary people will have to pay more

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'It's frustrating' - How Trump’s tariffs are being received in Canada

Live Reporting

Edited by Emily Atkinson, with Dharshini David and Simon Jack in London, Natalie Sherman in New York, and Laura Bicker in Beijing

Before we start - what is a tariff?published at 13:44 Greenwich Mean Time 5 March
In short: tariffs are taxes charged on goods imported from other countries.
The companies that bring the goods into the country pay the tax to the government.
Typically, tariffs are a percentage of a product's value. Imposing a 20% tariff on Chinese goods means a product worth $10 would have an additional $2 charge applied to it.
Firms may choose to pass on some or all of the cost of tariffs to customers.
Media caption,
The BBC's Adam Fleming explains what a tariff is
Postpublished at 13:44 Greenwich Mean Time 5 March
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Confused? Worried? We answer your questions on tariffspublished at 13:42 Greenwich Mean Time 5 March
Owen Amos
Live editor
Good afternoon from London.
Since Donald Trump came to office in January, the US has imposed a wave of tariffs on other countries and goods - and has seen retaliatory tariffs on its own products.
But what will it mean for the economy in the US, and worldwide?
Will consumers pay more?
And what is a tariff, anyway?
Our correspondents in London, New York, Beijing, and Mumbai are answering your questions. We'll have details of how to get in touch in our next post.