The far-reaching effects of Trump’s tariffs on low-income people, explained

President Donald Trump warned of the “transition cost” from his tariff policies, as Wall Street stocks fell again over the worsening trade war with China. | Brendan Smialowski/AFP via Getty Images

President Donald Trump’s tariff plan has rattled Wall Street, alarmed the United States’ trading partners, and made Americans afraid of checking their retirement accounts. 

It’s also been extremely confusing: After announcing that he would implement steep tariffs across the board (for reasons that didn’t make much sense)...