Start your week smart: Trump’s tariff chaos, deadly tornadoes, government shutdown averted, news quiz, Selection Sunday

CNN’s 5 Things brings you the news you need to start your week smart

The finances of low-income Americans are getting worse, and more shoppers are going without basic necessities. That’s according to Dollar General, whose “core customers” earn less than $40,000 a year. The discount chain is considered a bellwether of low and middle-income shoppers’ spending. Here’s what else you need to know to Start Your Week Smart. During his most recent presidential campaign, Donald Trump talked a lot about his plans to implement tariffs. After taking office in January, he quickly made good on those promises by targeting the country’s three largest trading partners: Mexico, Canada and China. The rollout has been chaotic and contentious. Trump’s 25% tariffs on aluminum and steel went into effect last week, and Canada and Europe immediately retaliated. The president’s tariffs threaten to significantly raise prices for American consumers at a time when the US economy is already on shaky ground. 1️⃣ How do tariffs work? They’re a tax on goods coming from another country. A tariff is typically a percentage of the value of the import and can vary based on where the goods are coming from and what the products are. Here’s what you need to know.