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Understand tariffs in 5 minutes with CNBC Explains. Learn the definition, history, and workings of tariffs, including the infamous Hawley-Smoot Tariff. Get the facts on how tariffs affect trade, and why they're a controversial topic in finance and politics. Don't miss out on this essential guide to tariffs.

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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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