Experts call Trump's raft of tariffs "worse than the worst-case scenario." There's been a pause and exemptions -- with things moving fast, here's what to know.

A global trade war, sparked by U.S. President Donald Trump, has intensified as he ramped up levies on China while reversing sweeping tariffs on most trading partners, stoking fears of a recession, sending jitters across global financial markets and drawing condemnation from leaders around the world.

WASHINGTON ― President Donald Trump said he's considering temporary exemptions from his 25% tariffs on the auto industry to give car companies more time to transition to manufacturing in the U.S. Trump's remarks Monday from the Oval Office came after his administration last week excluded smartphones,