Who pays when trade wars heat up?

Donald Trump wants new tariffs on goods coming into the US, describing them as a tax on other countries. The Democrats are no stranger to trade tariffs themselves, with Joe Biden having added them to numerous goods coming into the US from China.

We talk to Erica York from the Tax Foundation about how tariffs work and who ends up paying for them.

Presenter: Tim Harford
Producers: Kate Lamble and Beth Ashmead Latham
Series producer: Tom Colls
Production co-ordinator: Katie Morrison
Sound mix: Steve Greenwood
Editor: Richard Vadon

(Image: U.S. President Donald Trump, left, and Xi Jinping, China's president, shake hands during a news conference at the Great Hall of the People in Beijing, China, on Thursday, Nov. 9, 2017.Credit Qilai Shen/Bloomberg via Getty Images)