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CORRECTION: We mistakenly identified the Brookings Institution as the Brookings Institute. We regret the error. President Donald Trump has threatened, levied, raised and paused tariffs on dozens of countries since returning to office. In the last week, for example, Trump threatened and then agreed to delay a 50% tariff on goods from the European Union. But no country has faced the brunt of his trade policies more than China, which faced tariffs as high as 145%, and also levied tariffs on U.S. goods as high as 125%, before both nations lowered them and agreed to hold talks. To learn more about how businesses and consumer are navigating this back-and-forth, PBS News' Tim McPhillips spoke with Ben Harris, vice president and director of economic studies at the Brookings Institution. Watch PBS News for daily, breaking and live news, plus special coverage. We are home to PBS News Hour, ranked the most credible and objective TV news show. Subscribe for exclusive content in our newsletters: https://www.pbs.org/newshour/subscribe PBS News podcasts: https://www.pbs.org/newshour/podcasts Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG Find more from PBS News at https://www.pbs.org/newshour Subscribe to our YouTube channel: https://bit.ly/2HfsCD6 Follow us: TikTok: https://www.tiktok.com/@pbsnews X: http://www.twitter.com/newshour Instagram: http://www.instagram.com/newshour Facebook: http://www.pbs.org/newshour