How do Trump’s tariffs work? Who pays, who collects, and who wins?

U.S. President Donald Trump has imposed tariffs this week on products from some of the country's most important trading partners. Nasdaq fell by almost 5% on Friday and Industrial Average Dow Jones dropped by about 1,600 points after China's decision to equalize US tariffs intensified the trade war in decades. Investors are now preparing for new trade conflicts. Trump has stood firm this Friday, saying that now is a "great time to get rich" and …

What are tariffs? How does Trump’s charging plan work that will affect 60 countries, who pays them, and how they could influence prices and employment.