Trump’s latest round of tariffs are poised to go into effect: Here’s what we know

President Donald Trump has launched tariff wars with nearly all of America’s trading partners. And there’s no end in sight.

A number of sweeping new taxes on goods from other countries are already here — and more took effect on Wednesday. Trump has promised higher rates for his latest and most severe volley of duties, which he calls “reciprocal” tariffs.

With so many back-and-forth tariff actions and threats, it can be tough to keep track of where things stand. Here’s a rundown of what you need to know.

What tariffs took effect on Wednesday?

Trump announced his latest — and most sweeping — round of tariffs on April 2, which he dubbed “Liberation Day,” as part of his “reciprocal” trade plan. In a fiery speech claiming that other countries had “ripped off” the US for years, Trump declared that the US would now tax nearly all of America’s trading partners at a minimum of 10% — and impose