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Tariffs are a type of tax imposed on imported goods and services by a government. They aim to protect domestic industries by making foreign products more expensive. Tariffs work by increasing the cost of imported items, potentially reducing their competitiveness in the market. CNBC Explains provides a detailed understanding of tariffs and their operation.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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