Tariffs Explained: Impacts for You as Major New Trump Tariffs Arrive Today

After months of delays, President Donald Trump’s contentious tariff barrage is now in effect, imposing a wide variety of new import duties, including on products from Canada and Mexico. While Trump has very optimistically dubbed April 2 “Liberation Day,” economists and other experts have given much more grim forecast for how these tariffs will work and how badly they will inflate the everyday costs of folks like you. Trump proposed a wide variety of steep tariffs during his 2024 reelection bid, and while the ones set to take effect on Wednesday aren’t as severe as those, they have still prompted…