5 takeaways from Trump's major tariff announcement

President Trump reset U.S. trade policy on Wednesday by announcing a 10-percent general tariff on all imports to the U.S. with the exception of Canada and Mexico, along with targeted tariffs on dozens of additional countries.

The move makes good on one of the central promises of Trump’s presidential campaign and represents a course-correction in U.S. trade posture that Trump started during his first term.

Trump’s general tariff follows two months of stop-and-start tariff announcements...