Experts call Trump's raft of tariffs "worse than the worst-case scenario." There's been a pause and exemptions -- with things moving fast, here's what to know.

Trump has described the tariffs as "reciprocal," saying the steep toll will correct a grievance he's held for "35 years:" that the U.S. is being "ripped off" by trade imbalances. The president has claimed the tariffs will prompt countries to try to negotiate a deal with the U.

A global trade war, sparked by U.S. President Donald Trump, has intensified as he ramped up levies on China while reversing sweeping tariffs on most trading partners, stoking fears of a recession, sending jitters across global financial markets and drawing condemnation from leaders around the world.

President Donald Trump pledged he will still apply tariffs to phones, computers and popular consumer electronics, downplaying a weekend exemption as a procedural step in his overall push to remake US trade.