Can Any Country Slap on Tariffs Easily?

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U.S. President Donald Trump said he would impose a 25 percent tariff, or tax, on steel imports and 10 percent on aluminum.

The questions that beg to be answered are:

1. Why does Trump want to impose tariffs?
2. Can any country slap on tariffs so easily?
3. Why do stocks shift when tariffs are levied?
4. What's a trade war?
5. How are tariffs affecting negotiations to review the North American Free Trade Agreement (NAFTA)?

Learn more about how Trump's planned steel, and aluminum tariffs will affect you.