I will explain in simple terms what Trump's new tariffs are all about and how they affect ordinary people:

In simple terms: Trump plans to impose taxes on imported goods starting in April 2025, aiming to encourage Americans to buy less foreign goods and more American-made products. However, this could cause significant disruptions in the global economy, and even the Bitcoin we buy might be affected.

1. What are tariffs?

It's like when you buy a bag abroad and the customs ask you to pay extra when you return home. Trump wants to impose taxes on all foreign goods imported into the United States, such as appliances made in China, cars produced in Mexico, and machines manufactured in Germany. These products will become more expensive in the U.S., which may lead Americans to turn to buying American goods instead.