Donald Trump’s “Liberation Day” tariff announcement set off the most volatile stretch of his second term, with financial markets descending into chaos, China unleashing retaliatory measures and the US president pausing some levies only hours after they took effect.

Inflation regularly topped 4% yearly until the mid-1990s, when freer trade and globalization began to intensify.

As President Donald Trump drives the stock market down, and his approval rating along with it, by implementing massive tariffs on China and potentially the rest of the world, Democrats across the ideological spectrum have largely stuck to the same script: The tariffs are chaotic,

Experts called 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.

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