Several 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.

President Donald Trump has launched tariff wars with nearly all of America’s trading partners. Here’s what you need to know.

While Americans doling out more for groceries and consumer goods would be the most probable outcome of President Donald Trump’s tariff hikes, it’s not the only one.