The BBC video examines whether President Trump’s latest tariffs are achieving their intended aims during his second term. It considers their effects on the US economy, including who ultimately bears the cost of the import taxes and whether they are changing trade and domestic economic outcomes as planned.

Another set of tariffs has recently taken effect, keeping the policy central to US economic debate. The report also assesses claims that tariffs are increasing costs for American households, including an estimate that they may be paying around 1.5% more.